Yao, Yinhong; Li, Jianping - In: Financial innovation : FIN 8 (2022), pp. 1-20
Operational risk events have severely impacted the development of third-party payment (TPP) platforms, and have even … actual operational risk events. Therefore, this study attempts to assess the operational risk on TPP platforms in China by … the 99.9% significance level, respectively. Our results are beneficial for both TPP platform operators and regulators in …