Exploring the dynamics of fintech impact, financial regulation, and corporate financial trends: An analysis of India

IF 5.5 Q1 MANAGEMENT

Asia Pacific Management Review Pub Date : 2025-03-01 DOI:10.1016/j.apmrv.2024.11.006

Sreenu Nenavath

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Abstract

This study explores the intricate connections among fintech initiatives, financial regulation, and corporate financialization trends in the Indian context. There is a clear recognition of the impact of fintech on corporate finances. However, there is still a significant gap in understanding the intersection of fintech, financial regulation, and corporate financialization, particularly for Indian manufacturing companies. Our analysis is based on annual data from 2014 to 2023, with a specific focus on firms listed on the A-share market. The findings indicate that fintech initiatives have a noticeable impact on hindering corporate financialization. Nevertheless, the impact of this phenomenon is influenced by financial regulation, which has a substantial effect on either magnifying or reducing the influence of fintech. State-owned enterprises, firms in industries with lower pollution levels, and businesses situated in less marketized regions experience varying impacts from these dynamics. This study emphasizes the importance of understanding the complex impact of fintech and regulatory frameworks on corporate financial trends, particularly in developing economies such as India.

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探索金融科技影响、金融监管和企业财务趋势的动态：对印度的分析

本研究探讨了印度背景下金融科技倡议、金融监管和企业金融化趋势之间的复杂联系。人们清楚地认识到金融科技对企业财务的影响。然而，在理解金融科技、金融监管和企业金融化的交集方面仍然存在很大差距，尤其是对印度制造业企业而言。我们的分析基于2014年至2023年的年度数据，特别关注在a股市场上市的公司。研究结果表明，金融科技举措对阻碍企业金融化具有显著影响。然而，这种现象的影响受到金融监管的影响，金融监管对放大或减少金融科技的影响具有实质性的作用。国有企业、污染程度较低行业的企业以及位于市场化程度较低地区的企业受到这些动态的不同影响。本研究强调了理解金融科技和监管框架对企业财务趋势的复杂影响的重要性，特别是在印度等发展中经济体。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asia Pacific Management Review MANAGEMENT-

CiteScore

8.00

自引率

4.50%

发文量

期刊介绍： Asia Pacific Management Review (APMR), peer-reviewed and published quarterly, pursues to publish original and high quality research articles and notes that contribute to build empirical and theoretical understanding for concerning strategy and management aspects in business and activities. Meanwhile, we also seek to publish short communications and opinions addressing issues of current concern to managers in regards to within and between the Asia-Pacific region. The covered domains but not limited to, such as accounting, finance, marketing, decision analysis and operation management, human resource management, information management, international business management, logistic and supply chain management, quantitative and research methods, strategic and business management, and tourism management, are suitable for publication in the APMR.