Based on automated credit lines to vendors trading on Alibaba's online retail platform and a discontinuity in the credit decision algorithm, we document that a vendor's access to FinTech credit boosts its sales growth, transaction growth, and the level of customer satisfaction gauged by product, service, and consignment ratings. These effects are more pronounced for vendors characterized by greater information asymmetry about their credit risk and less collateral, which reveals the information advantage of FinTech credit over traditional credit technology.

中文翻译：

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金融科技信贷与企业成长


根据阿里巴巴在线零售平台上交易的供应商的自动信用额度以及信用决策算法的不连续性，我们记录了供应商获得金融科技信贷可以促进其销售增长、交易增长以及通过产品和服务衡量的客户满意度水平，以及寄售评级。对于信用风险信息不对称程度较高、抵押品较少的供应商来说，这些影响更为明显，这揭示了金融科技信贷相对于传统信贷技术的信息优势。