{"title":"How does internet finance affect firm exports? Evidence from China","authors":"Yuxia Fang , Yuhua Li","doi":"10.1016/j.ribaf.2024.102482","DOIUrl":null,"url":null,"abstract":"<div><p>Internet finance, which can be accessed and delivered through internet technology, has become increasingly important in financial markets. This study examines how internet finance affects the extensive and intensive margins of firm exports. We find that internet finance increases both the extensive and intensive margins of firm exports, with the results varying according to firm type. Specifically, internet finance (i) enhances the extensive margin for high-tech firms more than for low- and medium-tech firms; (ii) improves the extensive margin for large firms rather than for small firms; and (iii) benefits the intensive and extensive margins for high government subsidies firms more than for low government subsidies. Moreover, internet finance promotes exports by alleviating financial constraints and reducing the fixed costs of firm exports.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":null,"pages":null},"PeriodicalIF":6.3000,"publicationDate":"2024-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0275531924002757","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
Internet finance, which can be accessed and delivered through internet technology, has become increasingly important in financial markets. This study examines how internet finance affects the extensive and intensive margins of firm exports. We find that internet finance increases both the extensive and intensive margins of firm exports, with the results varying according to firm type. Specifically, internet finance (i) enhances the extensive margin for high-tech firms more than for low- and medium-tech firms; (ii) improves the extensive margin for large firms rather than for small firms; and (iii) benefits the intensive and extensive margins for high government subsidies firms more than for low government subsidies. Moreover, internet finance promotes exports by alleviating financial constraints and reducing the fixed costs of firm exports.
期刊介绍：
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance
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