The Matthew Effect in the Digital Transformation of the Financial Sector: Performance, Mechanism, and Governance

Leer Jia

doi:10.54097/4jqnp764

Authors

Leer Jia School of Finance, Central University of Finance and Economics, Beijing, China

DOI:

https://doi.org/10.54097/4jqnp764

Keywords:

Financial digital transformation; the Matthew effect; resource allocation; digital divide.

Abstract

This article systematically integrates the multi-scenario research of the Matthew effect in the digital transformation of the financial field and provides a review of its performance, mechanism, and governance. It not only presents the differentiation trend of efficiency, risk, and business among financial institutions, but also covers the differences in the accessibility of financial services among different groups and regions, and there are differences in scenarios such as banking, digital inclusive finance, and enterprise digital transformation. The formation of the Matthew effect is related to factors such as initial resource ownership, technological barriers, complementarity of human capital, the policy environment, and government subsidies. In light of this situation, governance measures such as differentiated supervision, strengthening technological empowerment, improving infrastructure construction, and enhancing fair supervision should be implemented. This article aims to provide a cross-scenario theoretical framework for understanding the inequality phenomenon in the digital transformation of finance and to provide a reference for policy formulation and subsequent research.

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