How does digital finance affect financial mismatch? DOI

Lei Yin,

Z. Wang

Applied Economics, Год журнала: 2024, Номер unknown, С. 1 - 18

Опубликована: Март 19, 2024

This study explores the mechanisms and heterogeneity of impact digital finance on financial mismatch in China, utilizing data among Chinese A-share listed companies for period from 2012 to 2021. The results offer following key findings: (1) notably diminishes mismatch, a battery endogeneity robustness tests validate resilience these results; (2) alleviates by addressing issues related financing constraints, information asymmetry, transformation; (3) analysis shows that mitigating effect is more pronounced regions are developed financially, non-state-owned enterprises, high-tech industries, low-polluting industries.

Язык: Английский

Local government debt and corporate digital transformation: Evidence from China DOI
Yang Yang, Wanying Chen, Zhuangxiong Yu

и другие.

Finance research letters, Год журнала: 2023, Номер 57, С. 104282 - 104282

Опубликована: Июль 28, 2023

Язык: Английский

Процитировано

17

Can digital construction policy promote enterprise green innovation? A quasinatural experiment based on broadband China DOI
Xing Li, Guiyang Zhang, Yong Qi

и другие.

European Journal of Innovation Management, Год журнала: 2024, Номер unknown

Опубликована: Фев. 29, 2024

Purpose The purpose of this study is to explore how digital construction policy (DCP) drives enterprise green innovation (EGI) from an information processing theory (IPT) perspective, including the mediating mechanisms market accessibility and operational risk, moderating role intellectual property protection (IPP) product competition (PMC) heterogeneous effects ownership, Internet development managerial ability. Design/methodology/approach Based on matched panel data A-share listed enterprises 2011 2019 Broadband China as a quasinatural experiment, investigates impact DCP EGI by constructing multi-time point difference-indifferences (DID) model. Findings Digital policies can significantly promote EGI. works in two fundamental ways, namely increasing reducing risk. IPP PMC increased contribution Heterogeneity analysis found that technology has stronger promotion effect for SOEs, high-managerial-ability regions with low levels. Practical implications provides new insights about antecedents perspective. It also enlightens emerging economies actualize under wave. Originality/value From perspective IPT, explains mechanism DCP-driven enhances understanding relationship between

Язык: Английский

Процитировано

6

The impact of digital finance on technological innovation across enterprise life cycles in China DOI Creative Commons

Yanhong Mou

Heliyon, Год журнала: 2024, Номер 10(14), С. e33965 - e33965

Опубликована: Июль 1, 2024

This study aims to fill a gap in our knowledge by analyzing how digital financing has affected technological innovation China's firms across different growth phases. article investigates the relationship between efficiency and finance A-share listed corporations 2012 2022 using basic logistic modelling. Its main goal is comprehend affects these businesses' from various angles. The concludes that significantly improves of innovation; more importantly, Digital Finance Adoption Rate (DFAR) significant influence than Level (DFL). According Transformation Maturity (DTM) scale, helps businesses transform digitally, increasing effectiveness innovation. State-owned are on non-state-owned businesses. Other factors, including enterprise lifecycle, investment, leadership, revenue strategies, market rivalry, also shape technical efficiency. To increase efficiency, particularly state-owned businesses, suggests expanding access adoption finance. It means leveraging elements such as competition spur impact at phases organizational China highlights need for customized methods harness its potential.

Язык: Английский

Процитировано

5

Digitalization transformation and enterprise green innovation: empirical evidence from Chinese listed companies DOI Creative Commons

Rufeng Zhuo,

Yunhua Zhang, Junwei Zheng

и другие.

Frontiers in Environmental Science, Год журнала: 2024, Номер 12

Опубликована: Март 5, 2024

Green innovation is an essential strategy for businesses to gain a competitive edge and attain long-term sustainable growth. It does, however, often run into money problems. The rapid advancement of digital technology provides organizations with potent tools get external resources through transformation, surmount resource obstacles, promote environmentally-friendly innovation. impact mechanism, necessitates additional elucidation. This article analyzes the data Chinese A-share listed firms from 2012 2022, using dependence theory stakeholder theory. study examines how transformation affects ability innovate in environmentally friendly ways by focusing on acquisition resources. Research has shown that may significantly improve quantity quality green businesses. Moreover, findings intermediate indicate potential enhance capacity improving their environmental, social, governance (ESG) standards. Concurrently, we noticed level openness disclosing environmental information corporations partnerships between government enterprises play positive role influencing effects ways. Based our research, provide fresh perspectives policy suggestions assist business managers governments fostering enterprises.

Язык: Английский

Процитировано

5

How does digital finance affect financial mismatch? DOI

Lei Yin,

Z. Wang

Applied Economics, Год журнала: 2024, Номер unknown, С. 1 - 18

Опубликована: Март 19, 2024

This study explores the mechanisms and heterogeneity of impact digital finance on financial mismatch in China, utilizing data among Chinese A-share listed companies for period from 2012 to 2021. The results offer following key findings: (1) notably diminishes mismatch, a battery endogeneity robustness tests validate resilience these results; (2) alleviates by addressing issues related financing constraints, information asymmetry, transformation; (3) analysis shows that mitigating effect is more pronounced regions are developed financially, non-state-owned enterprises, high-tech industries, low-polluting industries.

Язык: Английский

Процитировано

5