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Lookup NU author(s): Dr Shams PathanORCiD
This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).
© 2024 The AuthorsUtilizing an innovative financial technology (FinTech) index based on media sources, we analyse the effects of FinTech adoption on bank liquidity creation for a sample of the top 300 United States banks from Q1 2015 to Q2 2021. Our findings reveal a consistent negative association between FinTech adoption and bank liquidity creation, even during the coronavirus disease (COVID-19) pandemic. This relationship remains robust after conducting multiple rigorous tests including propensity score matching and difference-in-differences tests to address endogeneity problems. Overall, these results underscore the transformative influence of FinTech on fundamental liquidity creation function within traditional banking.
Author(s): Wu Z, Pathan S, Zheng C
Publication type: Article
Publication status: Published
Journal: British Accounting Review
Year: 2024
Pages: epub ahead of print
Online publication date: 11/01/2024
Acceptance date: 09/01/2024
Date deposited: 19/02/2024
ISSN (print): 0890-8389
ISSN (electronic): 1095-8347
Publisher: Academic Press
URL: https://doi.org/10.1016/j.bar.2024.101322
DOI: 10.1016/j.bar.2024.101322
Data Access Statement: Data will be made available on request.
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