Eliminating hunger and ensuring food security is one of the specific goals of sustainable development of the United Nations in 2030, and food production is of great significance to food availability. Based on this, this paper investigates the impact of digital inclusive finance on food security by constructing a fixed effects model using panel data for 30 Chinese provinces from 2011 to 2020. The results found that: (1) Digital inclusive finance significantly and positively affects food security, and the results remain robust after robustness tests and endogeneity tests. (2) The scale of farmland operations plays a positive mediating role in the effect of digital inclusive finance on food security, and the level of agricultural machinery positively moderates the effect of digital inclusive finance on food security. (3) Heterogeneity tests show that there is a positive effect of digital inclusive finance on food security in eastern China, and a non-significant effect of digital inclusive finance on food security in central and western regions;. There is a significant positive effect of digital inclusive finance on food security in China’s main grain marketing areas and balanced production and marketing areas, and a non-significant effect of digital inclusive finance on food security in the main grain producing areas.
The outbreak of COVID-19 at the beginning of 2020 had a significant impact on China’s economy, society, and citizens; it also had a negative impact on the development of the construction industry. In particular, small and medium-sized construction enterprises with low ability to withstand risk have been strongly impacted, aggravating a crisis of survival among these firms. The focus of this study is to analyze the impact of COVID-19 on the growth of small and medium-sized construction companies. Based on the characteristics of small and medium-sized construction enterprises, this paper establishes a growth evaluation index and builds a growth evaluation model based on factor analysis. Twenty-three construction enterprises listed on small and medium-sized enterprises board are selected as samples, and the quarterly data of 2019 and 2020 are used for empirical analysis. The results show that the epidemic has had a high short-term impact on construction enterprises, and the total output value of the construction industry in the first quarter of 2020 was 16% lower than that in the same period of last year. In the long run, the impact of the epidemic on the growth of small and medium-sized construction enterprises has been limited. In the first quarter of 2020, the growth score of enterprises decreased by only 1.95% year-over-year, and it was essentially flat in the second and third quarters. The epidemic has had little influence on solvency, tangible resources or intangible resources but a high short term influence on profitability, capital expansion and market expectations. The long-term impact is small; It is conducive to the improvement of enterprise operation ability. Finally, to both address the influence of the COVID-19 on small and medium-sized construction enterprises and to realize their transformation and upgrading, targeted suggestions are offered at the policy and enterprise levels. The results will help to understand the impact of the epidemic on the growth of construction enterprises, and provide decision support for the healthy and orderly development of the follow-up construction industry.
With the increasing global concern for the ecological environment and sustainable development, all countries have proposed environmental regulatory policies to improve the quality of their ecological environments. China has also proposed an environmental regulation policy: Leading an officials’ accountability audit of natural resources (AANR). As the main subject of consuming resources, the sustainability of enterprises has become a focus of all parties. The Environmental, Social, and Governance (ESG) metric measures corporate sustainability. As a result, companies’ ESG performance has gained the community’s attention. Based on data from Chinese A-share listed companies in Shanghai and Shenzhen from 2011 to 2019, this study investigates the role of AANR on the ESG performance of companies via the difference-in-differences (DID) method. This study found that implementing the AANR pilot significantly negatively impacted corporate ESG performance. This result was found to remain robust after passing parallel trend and robustness tests. Further research found that the AANR differed significantly across corporate ownership and regions in corporate ESG performance. First, pilot implementation had a more significant impact on the ESG performance of non-state enterprises. Second, the differences across regions showed that the central region had the most significant impact, followed by the western region, while the eastern region had the most negligible impact. This study will help government departments improve the AANR system and enable companies to focus on their ESG performance.
In the context of financial support for rural revitalization, digital financial inclusion may become a new “gospel” to alleviate agricultural surface source pollution. Based on the panel data of 30 Chinese provinces from 2011 to 2020, the study constructs a fixed-effects model to test the mitigation effect of digital financial inclusion on agricultural non-point source pollution empirically. The study finds that: 1) Digital financial inclusion has a mitigating effect on agricultural non-point source pollution, and the abatement effect still exists after the robustness tests such as replacing the explanatory variables, reducing the sample size, and endogeneity treatment. 2) The moderating effect test shows that the income structure of farmers strengthens the mitigation effect of digital financial inclusion on agricultural non-point source pollution, i.e., the more the income structure of farmers tends to be “non-farmed”, the stronger the mitigation effect of digital financial inclusion. 3) The heterogeneity test found that all three dimensions of digital financial inclusion, including the breadth of coverage, depth of use, and degree of digitization, can mitigate agricultural non-point source pollution, but there are differences in the intensity of the effect. Compared with the northwestern part of the “hu huan yong” line, the mitigation effect of digital inclusive finance is more significant in the southeastern part of the “hu huan yong” line. 4) The threshold effect test shows that the mitigation effect of digital financial inclusion on agricultural non-point source pollution has non-linear characteristics, and there is a double threshold effect of digital financial inclusion, and the mitigation effect will be enhanced as the development level of digital financial inclusion increases.
Improving the cultural consumption level of rural residents is of great practical significance to help revitalize rural culture and achieve common prosperity. Based on this, this study empirically examines the role and impact mechanism of digital inclusive finance on enhancing the cultural consumption of rural residents using panel data of 30 provinces across China from 2011 to 2020. The results show that: (1) Digital inclusive finance can significantly improve the cultural consumption level of rural residents. After a robustness test and endogenous analysis, this conclusion is still stable. (2) Digital inclusive finance significantly improves the cultural consumption level of rural residents through three paths: raising the income level of farmers, promoting the level of urbanization, and improving the level of financial development. (3) Heterogeneity analysis shows that the breadth of digital inclusive financial coverage can significantly improve the cultural consumption level of rural residents, but the depth of digital inclusive financial use and the degree of digitization do not show an enhancing effect; the development of digital inclusive finance in the eastern area has a significant role in promoting the cultural consumption level of rural residents, but the role is not significant in the central and western areas.
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