FinTech Credit and Entrepreneurial Growth

IF 7.6 1区经济学 Q1 BUSINESS, FINANCE

Journal of Finance Pub Date : 2024-08-30 DOI:10.1111/jofi.13384

HARALD HAU, YI HUANG, CHEN LIN, HONGZHE SHAN, ZIXIA SHENG, LAI WEI

引用次数: 0

Abstract

Based on automated credit lines to vendors trading on Alibaba's online retail platform and a discontinuity in the credit decision algorithm, we document that a vendor's access to FinTech credit boosts its sales growth, transaction growth, and the level of customer satisfaction gauged by product, service, and consignment ratings. These effects are more pronounced for vendors characterized by greater information asymmetry about their credit risk and less collateral, which reveals the information advantage of FinTech credit over traditional credit technology.

查看原文本刊更多论文

金融科技信贷与企业家成长

基于对阿里巴巴在线零售平台上交易的供应商的自动信贷额度和信贷决策算法的不连续性，我们记录了供应商获得金融科技信贷会促进其销售增长、交易增长，以及通过产品、服务和寄售评级衡量的客户满意度水平。对于信用风险信息不对称程度较高、抵押物较少的供应商来说，这些影响更为明显，这揭示了金融科技信贷相对于传统信贷技术的信息优势。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Finance Multiple-

CiteScore

12.90

自引率

2.50%

发文量

期刊介绍： The Journal of Finance is a renowned publication that disseminates cutting-edge research across all major fields of financial inquiry. Widely regarded as the most cited academic journal in finance, each issue reaches over 8,000 academics, finance professionals, libraries, government entities, and financial institutions worldwide. Published bi-monthly, the journal serves as the official publication of The American Finance Association, the premier academic organization dedicated to advancing knowledge and understanding in financial economics. Join us in exploring the forefront of financial research and scholarship.