科研成果详情

Enhancing corporate competitiveness is crucial for driving a nation's progress within the global industrial and value chains. Our study delves into Chinese A-shares listed companies from 2009 to 2020, focusing on the intricate relationship between FinTech development and corporate competitiveness. Our investigation reveals that the widespread adoption of FinTech can significantly boost corporate competitiveness, a finding substantiated by rigorous robustness testing. FinTech concurrently enhances corporate competitiveness by mitigating financing constraints, increasing investment in research and development, and expanding market share. Moreover, the developmental trajectory of FinTech showcases variability in its effectiveness in enhancing corporate competitiveness, particularly evident in its positive impact on state-owned enterprises, traditional industries, and businesses during bear markets. These insights hold relevance for emerging market economies striving to leverage FinTech to invigorate their corporate competitiveness.