Digital finance and corporate financialization: from the perspective of bank competition and economic policy uncertainty

被引：0
|
作者：
Yang, Da [1 ]
Ma, Hongyang [1 ]
Ho, Ken C. [2 ]
Wang, Dandan [2 ]
机构：
[1] Liaoning Univ, Fac Econ, Sch Int Econ & Int Relat, Shenyang, Peoples R China
[2] Liaoning Univ, Li Anmin Inst Econ Res, Fac Econ, 66 Chongshan Middle Rd, Shenyang 110036, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
关键词：
Digital finance; corporate financialization; bank competition; economic policy uncertainty;
D O I：
10.1080/13504851.2024.2363984
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper explores the roles of bank competition and economic policy uncertainty (EPU) in the relationship between digital finance and corporate financialization. We find that digital finance dampens corporate financialization by intensifying competition in the banking industry. However, when EPU increases, the ability of digital finance to suppress corporate financialization weakens. We also find a substitution effect between digital finance and EPU.
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页数：5
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