Impact of COVID-19 on Financial Constraints and the Moderating Effect of Financial Technology
Emerging Markets, Finance & Trade
; 57(6):1675-1688, 2021.
Article
in English
| ProQuest Central | ID: covidwho-1219551
ABSTRACT
The sudden outbreak of COVID-19 has made enterprises in various countries face extreme financial constraints. Using the quarterly data of Chinese listed companies from 2011 to 2020, we examine the impact of COVID-19 on financial constraints and the moderating effect of financial technology. We find that while COVID-19 has increased enterprises’ financial constraints, the development of financial technology can mitigate its negative impact. The results still hold under various robustness checks. While the COVID-19 pandemic is still ongoing, there is scope for the future development of financial technology to help protect and revive the global economy.
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Experimental Studies
Language:
English
Journal:
Emerging Markets, Finance & Trade
Year:
2021
Document Type:
Article
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