The impact of fintech on innovation quality: Evidence from Chinese enterprises

We constructed an urban fintech index and analyzed data from 2834 publicly traded Chinese enterprises for the period 2010–2022 to investigate the impact of fintech on the innovation quality of enterprises. The findings indicate that this impact is positively reinforced by the innovation consciousness, risk propensity, and research and development background of senior executives. The heterogeneity analysis reveals that fintech has a more significant impact on the innovation quality of high-tech enterprises, State-owned enterprises, enterprises with effective internal control systems, and those located in cities designated as experimental zones for policy innovation (policy pilot cities).