Digitalization and the “Too Big to Fail” dilemma: mechanisms and asymmetric effects of banks’ Fintech innovation on total factor productivity
Fintech is driving the revolution of finance and profoundly affecting the development of the financial sector.However, few studies examined how commercial banks’ fintech innovation affects total factor productivity (TFP).To build up the fintech index of commercial banks, we use web crawler technology to accumulate news related to the fintech inno