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.
引用
收藏
页数：5
相关论文
共 50 条
  • [31] Economic policy uncertainty and corporate innovation: Evidence from China
    Guan, Jialin
    Xu, Huijuan
    Huo, Da
    Hua, Yechun
    Wang, Yunfeng
    PACIFIC-BASIN FINANCE JOURNAL, 2021, 67
  • [32] Economic policy uncertainty and corporate investment: evidence from China
    Xiangyuan Meng
    Haoge Guo
    Jie Li
    Economic Change and Restructuring, 2023, 56 : 4491 - 4529
  • [33] WHAT CAUSES THE INFLUENCE OF BANK CHANNEL TOWARDS CORPORATE INVESTMENT: LIQUIDITY OR ECONOMIC POLICY UNCERTAINTY?
    Gu, Wentao
    Qi, Wanting
    Wang, Yutong
    Li, Lixiang
    Pan, Liyan
    ROMANIAN JOURNAL OF ECONOMIC FORECASTING, 2024, 27 (03): : 81 - 101
  • [34] Augmenting digital monopolies: A corporate financialization perspective on the rise of Big Tech
    Klinge, Tobias J.
    Hendrikse, Reijer
    Fernandez, Rodrigo
    Adriaans, Ilke
    COMPETITION & CHANGE, 2023, 27 (02) : 332 - 353
  • [35] The effect of economic policy uncertainty on bank valuations
    He, Zelong
    Niu, Jijun
    APPLIED ECONOMICS LETTERS, 2018, 25 (05) : 345 - 347
  • [36] Economic policy uncertainty and bank earnings opacity
    Jin, Justin Yiqiang
    Kanagaretnam, Kiridaran
    Liu, Yi
    Lobo, Gerald J.
    JOURNAL OF ACCOUNTING AND PUBLIC POLICY, 2019, 38 (03) : 199 - 218
  • [37] Economic policy uncertainty and bank liquidity hoarding
    Berger, Allen N.
    Guedhami, Omrane
    Kim, Hugh H.
    Li, Xinming
    JOURNAL OF FINANCIAL INTERMEDIATION, 2022, 49
  • [38] Corporate financialization and digital transformation: evidence from China
    Chen, Xiangfen
    Cao, Yuhua
    Cao, Qilong
    Li, Jinglei
    Ju, Meng
    Zhang, Hongru
    APPLIED ECONOMICS, 2024, 56 (57) : 7876 - 7891
  • [39] Corporate tax effects of economic policy uncertainty
    Kang, Wensheng
    Wang, Jing
    ACCOUNTING AND FINANCE, 2021, 61 : 2577 - 2600
  • [40] Economic policy uncertainty and corporate green innovation
    Zhang, Liyuan
    Luo, Zhenqing
    Yu, Xiaoyuan
    Yang, Qiming
    Wang, Jiancong
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2025, 97
12345