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Access to finance: The role of production level technology

Year: 2024

Type: article

Abstract: The integration of robots and advanced technology in firm-level production processes represents a transformative shift in modern industrial practices. Through the lens of financial accessibility, the study investigates how these technological advancements influence firms' capacity to secure external financing and get large loans. Our results indicate that industry robots and a high level of technology in production reduce the gender gap in loan approvals. The paper has implications for policymakers, financial institutions, and industry stakeholders seeking to navigate the evolving landscape of technology-driven production and finance.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.106460

Authors: Nirosha Wellalage, Damien Wallace, Krishna Reddy

Institutions: University of South Australia, James Cook University, Toi Ohomai Institute of Technology

Language: English

Topic: FinTech, Crowdfunding, Digital Finance

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $3,350