Revealing the potential of FinTech innovation through knowledge assets: a study of firm financial performance

IF 4.7 3区材料科学 Q1 ENGINEERING, ELECTRICAL & ELECTRONIC ACS Applied Electronic Materials Pub Date : 2024-02-28 DOI:10.1108/ijis-09-2023-0204

Mushahid Hussain Baig, Jin Xu, Faisal Shahzad, Rizwan Ali

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Abstract

Purpose This study aims to investigate the association of FinTech innovation (FinTechINN) and firm performance (FP) by considering the role of knowledge assets (KA) as a causal mechanism underlying the FinTechINN – FP association. Design/methodology/approach In this study, the authors consider panel data of 1,049 Chinese A-listed firm and construct a structural model for corporate FinTech innovation, knowledge assets and firm performance while considering endogeneity issues in analyses over the period of 2014–2022. The modified value added intellectual capital (VAIC) and research and development (R&D) expenses are used as a proxy measure for knowledge assets, considering governance and corporate performance measures. Findings According to the findings of this study FinTech innovation (FinTechINN) has a positive significant effect on firm performance. Particularly; the findings disclose that FinTech innovations has a link with knowledge assets, FinTech innovations indirectly affects firm performance, and the association between FinTech innovation and firm performance is partially mediated by knowledge assets (MVAIC and R&D expenses). Originality/value Rooted in the dynamic capability and resource-based view, this study pioneers an empirical exploration of the association of FinTech innovation with firm performance. Moreover, it introduces the novel dimension of knowledge assets (on firm-level), acting as a mediating factor with in this relationship.

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通过知识资产揭示金融科技创新的潜力：公司财务绩效研究

目的本研究旨在研究金融科技创新（FinTechINN）与企业绩效（FP）之间的关联，同时考虑知识资产（KA）作为金融科技创新与企业绩效之间关联的因果机制。在考虑治理和公司绩效衡量指标的情况下，使用修正后的知识资本增值（VAIC）和研发（R&D）费用作为知识资产的替代衡量指标。研究结果根据本研究的结果，金融科技创新（FinTechINN）对公司绩效有积极的显著影响。尤其是，研究结果表明，金融科技创新与知识资产有关联，金融科技创新间接影响企业绩效，金融科技创新与企业绩效之间的关联部分受到知识资产（MVAIC 和研发费用）的中介作用。原创性/价值本研究植根于动态能力和资源观，开创性地对金融科技创新与企业绩效之间的关联进行了实证探索。此外，它还引入了知识资产（企业层面）这一新颖维度，作为这一关系的中介因素。

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来源期刊

ACS Applied Electronic Materials Multiple-

CiteScore

7.20

自引率

4.30%

发文量

567

期刊介绍： ACS Applied Electronic Materials is an interdisciplinary journal publishing original research covering all aspects of electronic materials. The journal is devoted to reports of new and original experimental and theoretical research of an applied nature that integrate knowledge in the areas of materials science, engineering, optics, physics, and chemistry into important applications of electronic materials. Sample research topics that span the journal's scope are inorganic, organic, ionic and polymeric materials with properties that include conducting, semiconducting, superconducting, insulating, dielectric, magnetic, optoelectronic, piezoelectric, ferroelectric and thermoelectric. Indexed/Abstracted： Web of Science SCIE Scopus CAS INSPEC Portico

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