The impact of Fintech on the digital transformation of enterprises: a test of heterogeneity and mechanisms
Abstract
This paper investigates Fintech’s role in enterprise digital transformation using a Two-Way Fixed Effects Model on Chinese listed company data. It employs a Mediation Effect Model to test financing constraints, financial risks, and innovation vitality as mediating mechanisms. Heterogeneous effects are analyzed across firm, industry, and regional characteristics. The study also discusses potential risks like cybersecurity, data leakage, Big Tech monopolies, and regulatory challenges. Findings offer empirical evidence for optimizing Fintech development, advancing digital transformation, and informing policy improvements.
Fields of Study & Subjects
FinTech
Crowdfunding
Digital Finance
Digital Transformation in Financial Services
Business and Economic Development
Publication details
- Journal / source
- Asia-Pacific Journal of Accounting & Economics
- Publisher
- Informa UK Limited
- Pages
- 1–30
- Publication date
- 24 March 2026
- Language
- EN