FinTech and the Improvement of Total Factor Productivity in Enterprises: An Empirical Study Based on Big Data Analysis
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i4.2585
Abstract
Against the backdrop of global economic digital transformation, FinTech, as an emerging industry, is reshaping enterprise production and operational models. This paper explores the role of FinTech in enhancing total factor productivity (TFP) in enterprises through big data analysis. Based on macroeconomic data and micro data of enterprises, this study constructs a measurement index system of FinTech development level and enterprise total factor productivity. Using panel data models and econometric methods, we empirically analyze the mechanisms through which FinTech affects enterprise production efficiency. The study finds that the development of FinTech significantly enhances enterprise TFP, with this effect being particularly pronounced in high-tech industries and small and medium-sized enterprises (SMEs). The research results provide valuable insights for both enterprises and policymakers, suggesting increased investment and support for FinTech to further enhance enterprise competitiveness and economic development levels.
Keywords
FinTech; total factor productivity; big data analysis; enterprise efficiency; resource allocation
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[5] Song Qinghua,Zhou Xueqin. Can FinTech enhance urban inclusive green total factor productivity? [J]. Journal of Zhongnan University of Economics and Law,2024(02):67-80.
Copyright © 2024 Zhongzhu Zhou
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