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.
Journal of Entrepreneurship in Emerging Economies,
Год журнала:
2024,
Номер
17(7), С. 127 - 155
Опубликована: Май 23, 2024
Purpose
Lack
of
access
to
finance
is
a
major
constraint
the
growth
small
and
medium-sized
enterprises
(SMEs)
entrepreneurship
in
developing
countries.
The
recent
proliferation
mobile
phone
services,
internet
emerging
technologies
has
led
surge
use
FinTech
Africa
transforming
financial
sector.
This
paper
aims
examine
whether
developments
heterogeneously
contribute
digital
for
SMEs
47
African
countries
from
2013
2020.
Design/methodology/approach
uses
novel
method
moments
quantile
regression,
which
deals
with
heterogeneity
endogeneity
diverse
conditions
asymmetric
nonlinear
models.
Findings
empirical
results
reveal
that
rise
companies
offering
services
increases
their
different
stages
growth.
have
strong
positive
impact
higher
levels
than
those
lower
levels.
positively
significantly
influence
Africa,
particularly
nascent
transitional
development
entrepreneurship.
Institutional
quality
considerable
moderating
effect
when
used
as
control
rather
an
interaction
variable.
Practical
implications
suggest
need
promote
Africa:
provide
wide
range
alternative
schemes
entrepreneurship,
especially
where
stages.
also
underscore
through
supportive
regulations
institutional
reduce
risks
related
financing
schemes.
Originality/value
To
best
authors’
knowledge,
this
one
first
attempts
account
often
overlooked
effects
show
not
homogenous
across
varying
Innovation and Green Development,
Год журнала:
2023,
Номер
3(1), С. 100109 - 100109
Опубликована: Окт. 5, 2023
This
study
uses
panel
data
from
31
Chinese
provinces
covering
the
years
2011–2020
to
investigate
long-term
equilibrium
between
digital
finance
and
real
economy.
A
number
of
statistical
model,
such
as
cross-sectional
dependence
test,
CADF
unit
root
cointegration
PMG
method
are
used.
The
results
establish
existence
a
co-integration
link
In
short
term,
effectively
fosters
growth
However,
in
long
run,
exhibits
noticeable
inhibiting
effect.
When
looking
into
eastern
region,
we
observe
that
does
not
have
short-term
impact
on
economy,
while
it
substantial
adverse
effect
term.
non-eastern
regions,
positively
contributes
advancement
economy
Yet,
this
positive
persist
Overall,
our
demonstrates
although
can
facilitate
progress
relying
solely
for
development
proves
challenging.
Abstract
As
the
main
goal
of
economic
development,
inclusive
growth
(IG)
is
an
important
strategic
measure
to
achieve
common
prosperity.
Whether
digital
finance
can
make
use
advantages
scientific
and
technological
innovation
promote
IG
great
significance
fairness,
effectiveness,
inclusiveness
global
development.
Based
on
panel
data
30
provinces
in
China
from
2011
2021
(excluding
Tibet,
Hong
Kong,
Macao
Taiwan),
this
article
first
measures
index
three
dimensions:
sustainable
growth,
income
distribution,
social
equity.
Subsequently,
uses
a
series
mathematical
statistical
models
verify
transmission
path
mechanism
influence
IG.
The
findings
are
as
follows:
(1)
level
shows
decreasing
trend
east
middle
west,
while
average
annual
rate
eastern
region
obviously
lower
than
that
central
western
regions;
(2)
has
significant
promotion
effect
IG,
regions
more
obvious
IG;
(3)
by
increasing
activity
improving
human
capital.
Finally,
based
research
conclusions,
puts
forward
relevant
policy
suggestions,
which
provide
reference
value
for
formulating
high-quality
national
development
strategies
promoting
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.
