Digital finance and corporate bankruptcy risk: Evidence from China
This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk....
Ausführliche Beschreibung
Gespeichert in:
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Ji, Yu [verfasserIn] |
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E-Artikel |
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Englisch |
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2022transfer abstract |
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Enthalten in: Semi-supervised hierarchical clustering ensemble and its application - Xiao, Wenchao ELSEVIER, 2016transfer abstract, Amsterdam [u.a.] |
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volume:72 ; year:2022 ; pages:0 |
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10.1016/j.pacfin.2022.101731 |
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| 520 | |a This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. | ||
| 520 | |a This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. | ||
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10.1016/j.pacfin.2022.101731 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001761.pica (DE-627)ELV057082804 (ELSEVIER)S0927-538X(22)00026-9 DE-627 ger DE-627 rakwb eng 610 VZ 570 VZ BIODIV DE-30 fid 35.70 bkl 42.12 bkl Ji, Yu verfasserin aut Digital finance and corporate bankruptcy risk: Evidence from China 2022transfer abstract nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. Shi, Lina oth Zhang, Shunming oth Enthalten in Elsevier Xiao, Wenchao ELSEVIER Semi-supervised hierarchical clustering ensemble and its application 2016transfer abstract Amsterdam [u.a.] (DE-627)ELV014238179 volume:72 year:2022 pages:0 https://doi.org/10.1016/j.pacfin.2022.101731 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-BIODIV SSG-OLC-PHA GBV_ILN_30 GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 42.12 Biophysik VZ AR 72 2022 0 |
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10.1016/j.pacfin.2022.101731 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001761.pica (DE-627)ELV057082804 (ELSEVIER)S0927-538X(22)00026-9 DE-627 ger DE-627 rakwb eng 610 VZ 570 VZ BIODIV DE-30 fid 35.70 bkl 42.12 bkl Ji, Yu verfasserin aut Digital finance and corporate bankruptcy risk: Evidence from China 2022transfer abstract nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. Shi, Lina oth Zhang, Shunming oth Enthalten in Elsevier Xiao, Wenchao ELSEVIER Semi-supervised hierarchical clustering ensemble and its application 2016transfer abstract Amsterdam [u.a.] (DE-627)ELV014238179 volume:72 year:2022 pages:0 https://doi.org/10.1016/j.pacfin.2022.101731 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-BIODIV SSG-OLC-PHA GBV_ILN_30 GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 42.12 Biophysik VZ AR 72 2022 0 |
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10.1016/j.pacfin.2022.101731 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001761.pica (DE-627)ELV057082804 (ELSEVIER)S0927-538X(22)00026-9 DE-627 ger DE-627 rakwb eng 610 VZ 570 VZ BIODIV DE-30 fid 35.70 bkl 42.12 bkl Ji, Yu verfasserin aut Digital finance and corporate bankruptcy risk: Evidence from China 2022transfer abstract nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. Shi, Lina oth Zhang, Shunming oth Enthalten in Elsevier Xiao, Wenchao ELSEVIER Semi-supervised hierarchical clustering ensemble and its application 2016transfer abstract Amsterdam [u.a.] (DE-627)ELV014238179 volume:72 year:2022 pages:0 https://doi.org/10.1016/j.pacfin.2022.101731 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-BIODIV SSG-OLC-PHA GBV_ILN_30 GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 42.12 Biophysik VZ AR 72 2022 0 |
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10.1016/j.pacfin.2022.101731 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001761.pica (DE-627)ELV057082804 (ELSEVIER)S0927-538X(22)00026-9 DE-627 ger DE-627 rakwb eng 610 VZ 570 VZ BIODIV DE-30 fid 35.70 bkl 42.12 bkl Ji, Yu verfasserin aut Digital finance and corporate bankruptcy risk: Evidence from China 2022transfer abstract nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. Shi, Lina oth Zhang, Shunming oth Enthalten in Elsevier Xiao, Wenchao ELSEVIER Semi-supervised hierarchical clustering ensemble and its application 2016transfer abstract Amsterdam [u.a.] (DE-627)ELV014238179 volume:72 year:2022 pages:0 https://doi.org/10.1016/j.pacfin.2022.101731 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-BIODIV SSG-OLC-PHA GBV_ILN_30 GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 42.12 Biophysik VZ AR 72 2022 0 |
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10.1016/j.pacfin.2022.101731 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001761.pica (DE-627)ELV057082804 (ELSEVIER)S0927-538X(22)00026-9 DE-627 ger DE-627 rakwb eng 610 VZ 570 VZ BIODIV DE-30 fid 35.70 bkl 42.12 bkl Ji, Yu verfasserin aut Digital finance and corporate bankruptcy risk: Evidence from China 2022transfer abstract nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. Shi, Lina oth Zhang, Shunming oth Enthalten in Elsevier Xiao, Wenchao ELSEVIER Semi-supervised hierarchical clustering ensemble and its application 2016transfer abstract Amsterdam [u.a.] (DE-627)ELV014238179 volume:72 year:2022 pages:0 https://doi.org/10.1016/j.pacfin.2022.101731 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U FID-BIODIV SSG-OLC-PHA GBV_ILN_30 GBV_ILN_40 35.70 Biochemie: Allgemeines VZ 42.12 Biophysik VZ AR 72 2022 0 |
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This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. |
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This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. |
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This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of development of regional digital finance, we find that digital finance negatively affects firms' bankruptcy risk. This effect occurs by improving firms' information transparency and mitigating their financial leverage. Furthermore, we find that this negative impact is greater in small firms and in riskier firms. This study contributes to the digital finance literature by identifying the impact of digital finance on corporations at the micro level and by providing additional evidence supporting the role of digital finance as an external governance mechanism. |
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Digital finance and corporate bankruptcy risk: Evidence from China |
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https://doi.org/10.1016/j.pacfin.2022.101731 |
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Shi, Lina Zhang, Shunming |
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10.1016/j.pacfin.2022.101731 |
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