Does big data infrastructure development facilitate bank fintech innovation? Evidence from China

作     者：Liao, Kezhi Ma, Chengcheng Zhang, Jingxue Wang, Zhihao 

作者机构：Zhejiang Univ Technol Sch Management Hangzhou 310023 Zhejiang Peoples R China Civil Aviat Univ China Sch Econ & Management Tianjin 300300 Peoples R China 

出 版 物：《FINANCE RESEARCH LETTERS》 (金融研究快报)

年 卷 期：2024年第65卷

核心收录：

学科分类：0202[经济学-应用经济学] 02[经济学] 1202[管理学-工商管理] 

基　　金：Key Project of National Philosophy and Social Science Foundation of China [23AJL007] 

主　　题：Big data infrastructure Commercial banks Fintech innovation National big data comprehensive experimental zones Data element agglomeration 

摘      要：This paper explores the impact of big data infrastructure development on banks Fintech innovation. Analyzing data from 1882 bank-year observations of 297 banks between 2011 and 2021, we find that the National Big Data Comprehensive Experimental Zones significantly enhance banks Fintech innovation. Our results indicate that data element agglomeration is the channel that influences banks Fintech innovation. Further analyses show that big data infrastructure development more effectively promotes Fintech innovation in banks with larger scale, lower loan concentration and credit risk. These findings contribute to the existing literature by identifying the determinants of banks Fintech innovation in the digital era.