Fintech, Information Heterogeneity, and the Regional Distribution Effects of Corporate Financing Constraints

Our research titled "FinTech, Information Heterogeneity, and the Regional Distribution Effects of Corporate Financing Constraints" explores the dual role of Fintech in China's banking sector from 2010 to 2021. We utilize bank-enterprise relationship data to demonstrate how Fintech serves as a "double-edged sword." While it improves banks' ability to access standardized information, thereby easing financing constraints in less developed regions, it simultaneously hampers their capacity to handle non-standardized information, which could negate these benefits. The datasets used in this study include:Enterprise characteristic data, primarily from the Wind database, covering 2,514 non-financial A-share listed companies in central and western China.Per-loan data, sourced from the CSMAR database, featuring approximately 130,000 loan entries. Fintech data of banks, mainly from the "Peking University Chinese Commercial Bank Digital Transformation Index" (Xie and Wang, 2022), which includes digital transformation data for 221 Chinese banks. The study covers the period from 2010 to 2021. It is important to note that the primary dataset is sourced from the CSMAR database, containing bank loan information to listed companies. This is a paid resource, typically accessed through institutional subscriptions. For the Fintech data, we used the "Index of Digital Transformation of Chinese Commercial Banks" published by Peking University (Xie & Wang, 2022). Access to this dataset requires direct communication with Peking University's research team. Due to copyright and data privacy concerns, specific names of listed companies or their stock codes have not been disclosed. These details have been omitted from the data files in compliance with relevant laws and regulations. Finally, according to the Readme file and the provided code, the results presented in this paper can be replicated.

搜集汇总

背景与挑战

背景概述

该数据集为2010-2021年中国金融科技与银行信贷研究提供支持，包含企业特征、银行贷款和银行数字化转型三方面数据，主要用于分析金融科技对区域融资约束的双重影响。数据来源包括Wind、CSMAR和北京大学指数，但受版权和隐私限制，部分详细信息已隐去。