Research on the Impact of Fintech on Enterprise New Quality Productivity: Based on the Perspective of Digital Transformation

Yuxiang Yang

doi:10.6981/FEM.202502_6(2).0012

Authors

Yuxiang Yang

DOI:

https://doi.org/10.6981/FEM.202502_6(2).0012

Keywords:

Fintech; New Quality Productivity; Digital Transformation.

Abstract

This paper aims to explore how fintech (Fintech) promotes enterprise new productivity (NQP) and its impact on high-quality corporate development. Through regression analysis, the study finds that fintech can significantly enhance enterprise new productivity. It further reveals that fintech promotes innovation and productivity by driving the digital transformation of enterprises and alleviating managerial short-termism. By constructing interaction terms, this paper validates the synergistic effect between fintech and enterprise digital transformation, while also showing that fintech helps reduce managerial focus on short-term returns, thereby supporting the development of long-term strategies and technological innovation. Furthermore, the paper conducts a heterogeneity analysis to explore the differences in fintech adoption across various types of enterprises and regions. The study finds significant differences in the effect of fintech between state-owned and non-state-owned enterprises, as well as notable regional variations, with the most significant impact observed in the eastern regions. Based on these findings, the paper offers policy recommendations, emphasizing that the government should increase support for small and medium-sized enterprises, promote regional differentiated development, and strengthen the regulation and security of fintech applications to drive high-quality enterprise development.

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