Author(s)

Junsheng Qin ¹, Xing Liu ¹

Affiliation(s)

¹ School of Economics, Guangxi University, Nanning, 530000, China

Corresponding Author

Junsheng Qin

ABSTRACT

This paper takes Chin's A-share listed financial technology companies as the research object, and studies the effects of financing structure, equity concentration and company performance through regression analysis. The regression shows that Fintech listed companies can improve their own performance through self-financing; financial technology listed companies will reduce their performance through debt financing; the use of debt financing by financial technology listed companies will reduce corporate performance; high concentration of equity helps to improve corporate performance. Heterogeneity analysis shows that the inhibition of equity financing and debt financing on corporate performance in the eastern region is more obvious; under different financing constraints, self-financing and debt financing have little difference in corporate performance, but the lower the financing constraints, the more obvious the inhibition of equity financing on corporate performance. The research conclusions provide a reference for company operators, investors and regulators in terms of corporate governance, capital structure and risk control of Fintech listed companies.

KEYWORDS

Financial technology, Financing structure, Business performance, Ownership concentration

CITE THIS PAPER

Junsheng Qin, Xing Liu, Financing structure, ownership concentration and business performance of financial technology listed companies. Accounting and Corporate Management (2023) Vol. 5: 51-60. DOI: http://dx.doi.org/10.23977/acccm.2023.050907.

REFERENCES

[1] Yanqing Jia. Serving the real economy is a must for financial technology enterprises. [N] Bank of China Insurance News, 2023-01-18 (005) 
[2] Xia Hua. Research on risk management of financial technology companies [D]. Huazhong University of Science and Technology, 2018. 
[3] Guangsheng Wang. Research on the influencing factors of the value of financial technology enterprises-Fuzzy set qualitative comparative analysis based on Shanghai and Shenzhen listed companies [J]. Financial Development Research, 2022, (05): 59-63 
[4] Mingjing Tian. Research on capital structure and corporate performance of listed tourism companies in China [J]. Time-honored brand marketing, 2023 (02): 135-137.  
[5] Yan Wang, Hongyu Gao, Feng Ling. The impact of ownership structure on corporate performance of real estate listed companies [J]. Business Observation, 2022, No. 150 (20): 77-79 + 86.  
[6] Chang Liu, Bohan Wang, Zewei Wang. Debt financing, ownership concentration and corporate performance - Based on the empirical data of listed companies in the pharmaceutical manufacturing industry [J]. Modern Business, 2023, No. 662 (01): 88-91.  
[7] Ruimin Zhang. Research on the impact of capital structure on corporate performance of agricultural listed companies [J]. Shanxi Agricultural Economy, 2023, No. 337 (01): 133-136.  
[8] Meng Wei, Ruzhong Wang. Empirical research on the impact of financing structure on corporate performance-based on the moderating effect of corporate innovation [J]. Shanghai Economy, 2017, (03): 84-99.  
[9] Xinlan Nie, Lianqin Huang. Theoretical Analysis Framework of Enterprise Financing Efficiency [J]. Industrial Technology Economy, 2007, (10): 157-159 
[10] Hua Tang. Empirical Analysis of the Impact of Financing Preferences on Corporate Performance of GEM Listed Companies [J]. Statistics and Decision-making, 2019, 35 (06): 182-185.  
[11] Davis P S, Harveston P D. The phenomenon of substantive conflict in the family firm: A crossgenerational study [J]. Journal of small business management, 2001, 39(1): 14-30.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics