Volume 65, Issue 2 pp. 1669-1690
RESEARCH ARTICLE

Bank FinTech and corporate disclosure: Evidence from China

Qingqing Yang

Qingqing Yang

School of Finance, Southwestern University of Finance and Economics, Chengdu, China

Search for more papers by this author
Yu Shen

Yu Shen

School of Finance, Southwestern University of Finance and Economics, Chengdu, China

Search for more papers by this author
Qiannan Wu

Qiannan Wu

School of Finance, Southwestern University of Finance and Economics, Chengdu, China

Search for more papers by this author
Xueyi Zhong

Corresponding Author

Xueyi Zhong

School of Finance, Southwestern University of Finance and Economics, Chengdu, China

Correspondence

Xueyi Zhong, 555 Liutai Avenue, Chengdu, 611130, China.

Email: [email protected]

Search for more papers by this author
First published: 05 December 2024

Abstract

Drawing on the lending relationships between banks and companies, this study investigates the impact of bank FinTech on corporate voluntary information disclosure. We find that bank FinTech promotes corporate information disclosure and increases the number of conference calls holds. The results remain robust across a series of robustness checks, particularly for the instrumental variables approach and difference-in-differences (DID) analysis to address endogeneity concerns. We discuss the potential mechanisms through financing and monitoring. The results show that the effects of bank FinTech are particularly pronounced in companies facing financial constraints and exhibiting weak governance. Our findings suggest that companies strategically adjust their disclosures in response to evolving banking relationships under the development of FinTech.

DATA AVAILABILITY STATEMENT

Data available on request from the authors.

The full text of this article hosted at iucr.org is unavailable due to technical difficulties.