Does fintech facilitate enterprise outward foreign direct investment? Evidence from China
作者: Fan, HZ; Wang, K; Hu, F; Zhou, J; Han, JF; Hu, Y
单位: 华中科技大学经济学院上海对外经贸大学国际经贸创新与治理研究院 安徽财经大学国际经济贸易学院 长江证券股份有限公司
期刊：Journal of International Trade & Economic Development
Abstract: We examine whether and how fintech affects OFDI decision making by using data on listed Chinese companies. We find that the development of regional fintech stimulates OFDI. This effect is more pronounced for firms without political connections, in the eastern region, with production-oriented OFDI and that are nonstate-owned. Fintech supports firms in carrying out OFDI through the mitigation of financing constraints and the promotion of technological innovation. We emphasize the role of technology-enabled financial innovation in the behavior of enterprise internationalization.
DOI: 10.1080/09638199.2024.2338395
链接: https://doi.org/10.1080/09638199.2024.2338395