Can fintech make corporate investments more efficient? A study on financing constraints and agency conflicts

Sun, Ruohan; Zhang, Bing

doi:10.1080/1331677x.2023.2185795

Cited by 9 publications

(4 citation statements)

References 39 publications

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“…Autonomous financial systems and decentralized self-governing organisations integrate mobile payments, virtual loans, insurance policies, ingame microtransactions, stock trading, monetary settlements, exchanges and transactions, peer-to-peer lending, credit cards, online investment systems, in-app purchases, mortgages, and crowdfunding (Awais et al, 2023;Guo & Zhang, 2023;Sun & Zhang, 2023) across immersive 3D simulated and collaborative digital environments and decentralized marketplaces. Immersive 3D blockchain-and metaverse-based decentralized virtual marketplaces and financial systems and transactions (Ben Romdhane et al, 2023;Yang et al, 2023) shape metaverse fintech, articulating seamless cashless financial transactions, products, and services and building enhanced customer loyalty, engagement, and experiences (Akmal et al, 2023;Cheng & Qu, 2023;Rafiuddin et al, 2023).…”

Section: Resultsmentioning

confidence: 99%

“…Blockchain-based and AI fintech can mitigate financing pressure on corporations and shape corporate investment efficiency (Sun & Zhang, 2023), and the inhibitory consequences of fintech on corporate overinvestment is noticeable with increasing agency conflict. Sustainable Bitcoin, fintech, and AI stock investments can influence environmentally friendly assets such as green bonds in relation to clean energy (Abakah et al, 2023) in terms of distributional and directional predictability.…”

Section: Financial Organizational Environmental Sustainability By Use...mentioning

confidence: 99%

“…Fintech development shapes enterprise and organizational innovation (Chen & Guo, 2023) by use of digital technologies in financial services. Fintech is quite operational in improving the investment efficiency of companies having more substandard internal governance (Sun & Zhang, 2023) while also having a lesser amount of financing capabilities, counterproductive capital distribution, more critical agency conflicts, and less investment prospects.…”

Section: Specific Contributions To the Literaturementioning

confidence: 99%

“…Fintech operations develop on AI Internet of Things (IoT), big data analytics, and blockchain technologies with regard to green and sustainable finance, renewable energy, and environmentally friendly products and services (Mirza et al, 2023) so as to coherently assess and decrease climate change risks. Fintech development shapes corporate investment efficiency and economic growth with innovative tools, being pivotal even with financial constraints, private interests, downside risks, limited resources, and agency conflicts (Sun & Zhang, 2023) throughout governance features of the external financing ecosystem and internal corporate investment behavior and decisions.…”

Section: Introductionmentioning

confidence: 99%

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Artificial intelligence algorithms and cloud computing technologies in blockchain-based fintech management

Lăzăroiu,

Bogdan,

Geamănu

et al. 2023

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Research background: Fintech development shapes corporate investment efficiency and economic growth with innovative tools, and can decrease financing constraints of enterprises, enabling direct and indirect financing and furthering inter-bank competition. Crowdfunding- and blockchain-based fintech operations harness deep and maching learning algorithms, augmented and virtual reality technologies, and big data analytics in mobile payment transactions. Purpose of the article: We show that fintechs have reconfigured financial service delivery by harnessing AI-based data-driven algorithms and cloud and blockchain technologies. Fintech optimizes financial organization and services, economic structures and growth, data analysis, and digital banking performance. Machine learning algorithms can streamline payment operation capabilities and process promptness, ensuring smooth operational flows, assessing risks, and detecting frauds and money laundering by historical data and customer behavior analysis across instant payment networks and infrastructures. Methods: Quality tools: AXIS, Eppi-Reviewer, PICO Portal, and SRDR. Search period: July 2023. Search terms: “fintech” + “artificial intelligence algorithms”, “cloud computing technologies”, and “blockchain technologies”. Selected sources: 40 out of 195. Published research inspected: 2023. Data visualization tools: Dimensions and VOSviewer. Reporting quality assessment tool: PRISMA. Findings & value added: Fintech development enables organizational innovation by mitigating information asymmetry and financing limitations while providing financial assistance and tax incentives in relation to products and services. The fintech growth has influenced the dynamic intermediary function of financial institutions in terms of sustainability and economic development. Fintech and natural resources negatively influence, while green innovations and financial development further, environmental sustainability.

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