Bank FinTech and corporate disclosure: Evidence from China
Qingqing Yang
School of Finance, Southwestern University of Finance and Economics, Chengdu, China
Search for more papers by this authorYu Shen
School of Finance, Southwestern University of Finance and Economics, Chengdu, China
Search for more papers by this authorQiannan Wu
School of Finance, Southwestern University of Finance and Economics, Chengdu, China
Search for more papers by this authorCorresponding 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 authorQingqing Yang
School of Finance, Southwestern University of Finance and Economics, Chengdu, China
Search for more papers by this authorYu Shen
School of Finance, Southwestern University of Finance and Economics, Chengdu, China
Search for more papers by this authorQiannan Wu
School of Finance, Southwestern University of Finance and Economics, Chengdu, China
Search for more papers by this authorCorresponding 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 authorAbstract
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.
Open Research
DATA AVAILABILITY STATEMENT
Data available on request from the authors.
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