Business, Management and Accounting
4 years ago

Financial technology in China reduces debt costs, boosts growth for small firms.

1 view
Asia Pacific Business Review
Does technology innovation in finance alleviate financing constraints and reduce debt-financing costs? Evidence from China
Han Chen, Soon Suk Yoon

Paper Summary

Financial technology innovation in China helps companies get loans more easily and at lower costs. By looking at data from Chinese companies between 2011 and 2018, researchers found that new financial technology tools are especially helpful for private-owned, small, and growing companies. These tools make it easier for these companies to borrow money and reduce the costs of borrowing.

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