金融科技发展能抑制公司违规吗

Can the Development of Financial Technology Restrain the Company’s Violation of Regulations

以2011—2018年上市公司为研究样本,考察金融科技发展与公司违规的关系。结果发现,金融科技发展可以显著抑制公司违规行为;金融科技发展对信息披露违规和领导人违规具有显著的抑制作用,但对经营违规的抑制作用并不显著;一般处罚和严重处罚组中金融科技发展的抑制作用均显著,且在严重处罚组中更明显。异质性分析结果表明,金融科技发展对公司违规的抑制作用在非国有企业、中西部地区和低盈利能力公司中表现更加明显。

Using the listed companies from 2011 to 2018 as the research sample,this paper examined the relationship between financial technology development and corporate violations.The results showed that financial technology development could significantly inhibit corporate violations.And financial technology development had a significant inhibitory effect on information disclosure violations and leader violations,but not business violations.Meanwhile,the inhibitory effect was significant in both general punishment group and severe punishment group,which was more evident in severe punishment group.Finally,heterogeneity analysis showed that the restraining effect of financial technology development was more obvious in non-state-owned enterprises,central and western regions and low profitability companies.