Hong, Claire Yurong; Lu, Xiaomeng; Pan, Jun - 2021
FinTech can lower investment barriers and improve risk-taking. Seizing on the rapid expansion of offline usages of Alipay in …-fund investments on the FinTech platform, we find that higher FinTech adoption results in higher participation and more risk … find that individuals with high risk tolerance, hence more risk-taking capacity, and those living in under-banked cities …