Fintech business and corporate social responsibility practices
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(Published version)
Date
2024
Authors
Li, B.
Guo, F.
Xu, L.
Meng, S.
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Journal article
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Emerging Markets Review, 2024; 59(101105):1-34
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Abstract
Through a proprietary dataset of listed firms on the Shanghai and Shenzhen Stock Exchanges, we establish a positive link between firms' financial technology (Fintech) business and their corporate social responsibility (CSR) practices. Such a link can be more pronounced among firms of stronger political connections, lower agency costs, and better internal control. Enhanced supply of bank loans, internal capital market, public scrutiny, and firms' strategic differences are underlying the link. Fintech business may also effectively curb firms' corporate social irresponsibility (CSI) behaviour. Fintech business may have become a strategic endeavor to sustain long-term economic growth in the digital age.
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Data source: Data availability, Embargo: 25 December 2024, 12:00 AM UTC, https://data.mendeley.com/datasets/2hfvb59rjk/1
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Copyright 2023 Elsevier B.V.. open access (publisher website) (http://creativecommons.org/licenses/by/4.0/)