Can Digital Inclusive Finance Improve the Financial Performance of SMEs?

Yu, Wei; Huang, Huiqin; Kong, Xinyan; Zhu, Keying

doi:10.3390/su15031867

Cited by 7 publications

(7 citation statements)

References 42 publications

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“…The minimum and maximum values of SCF are 0.000 and 0.002, respectively, indicating considerable variation in SCF across the supply chain industry. Additionally, Table 1 displays the distribution and spread of other variables, which is consistent with previous studies [16,37].…”

Section: Descriptive Statisticssupporting

confidence: 87%

“…This policy proposal aimed to expand the space for financial services [11], improve efficiency [12], reduce costs [13], alleviate information asymmetry [14], and broaden financing channels of SMEs [15] through the use of digital technology. Numerous scholars have directly explored the effects of DIF on financial performance of SMEs [16][17][18]; few studies have focused on the positive implications of DIF from a supply chain perspective, especially within the construction industry. Our paper seeks to investigate the effects of DIF on the financial performance of construction enterprises and to elucidate its mechanism from the perspective of the supply chain.…”

Section: Introductionmentioning

confidence: 99%

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Enhancing Construction Enterprise Financial Performance through Digital Inclusive Finance: An Insight into Supply Chain Finance

Huang

Zhu

2023

Sustainability

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Digital Inclusive Finance (DIF) is a novel approach that employs digital technology to foster the development of inclusive finance, which can effectively alleviate the financing constraints of enterprises. This paper empirically tests the relationship between DIF and the financial performance of construction enterprises, with a focus of supply chain finance (SCF). The findings indicate that DIF can enhance the financial performance of construction enterprises, and SCF is one of the mechanisms through which DIF affects the financial performance of construction enterprises. Moreover, the cross-sectional analysis reveals that the impact of DIF on financial performance is more pronounced in firms with characteristics of private capital-holding and high operating pressure. This study not only enriches the research perspectives of DIF, but also provides valuable insights for policymakers to formulate effective policies.

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Section: Descriptive Statisticssupporting

confidence: 87%

Section: Introductionmentioning

confidence: 99%

Enhancing Construction Enterprise Financial Performance through Digital Inclusive Finance: An Insight into Supply Chain Finance

Huang

Zhu

2023

Sustainability

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“…They expand the reach and effectiveness of digital technologies, making them more valuable and relevant to a broader audience. In a world increasingly reliant on digital communication and collaboration, inclusivity in digital design plays a key role in bridging cultural divides and fostering a more connected and understanding global community (440).…”

Section: Inclusive Digital Spaces and Toolsmentioning

confidence: 99%

Digital Literacy 5.0 to Enhance Multicultural Education

Anurogo,

Hardin La Ramba,

Nabila Diyana Putri

et al. 2023

mier

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In Digital Literacy 5.0, the intersectionality of digital competence across various domains marks a paradigm shift from traditional siloed approaches to a more integrated and holistic framework. This article explores the pervasive influence of digital literacy across diverse fields including health, medicine, nutrition, medical tourism, economy, biomedical sciences, bioinformatics, telemedicine, telehealth, artificial intelligence (AI), and vascular surgery. Emphasizing the necessity of digital literacy not just as a skill for tool utilization but as a cornerstone for understanding and leveraging the potential of digital technologies, this comprehensive exploration underscores the critical role of digital competence in enhancing patient outcomes, driving economic growth, spurring innovation, and revolutionizing healthcare and surgical practices. Through a multidisciplinary lens, the article elucidates the indispensability of digital literacy in a technologically interconnected era, highlighting its implications for policy, educational paradigms, and future technological advancements.

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“…To capture the impact of digital development on sustainable financial inclusion, as discussed in Section 2, we draw on [8,50] and employ the mediation effect panel model and the sequential test. The mediation effect model describes the effect of the independent variable on the dependent variable through the mediator variable [51,52].…”

Section: Profit-driven and Risk Aversion Mechanism Modelmentioning

confidence: 99%

“…There are a large number of relevant studies focusing on the financial contribution of digitalization. For example, digitalization has positive impacts on reducing agency or transaction costs [4,[7][8][9][10][11], enhancing financial access and inclusion [12,13] and improving the performance of both the financial sector and inclusive sector [8,[14][15][16]. However, few studies refer to the sustainability of financial inclusion, especially in banks.…”

Section: Introductionmentioning

confidence: 99%

Can Digitalization Foster Sustainable Financial Inclusion? Opportunities for Both Banks and Vulnerable Groups

Chu

et al. 2023

Sustainability

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Financial inclusion is a crucial link in achieving the Sustainable Development Goals (SDGs). Strengthening the capability of financial institutions to provide inclusive financial services can help to narrow the inequality gap and increase access to opportunities. Digitalization, with its competitive advantages and rapid growth, may be a powerful tool to foster financial inclusion and sustainable development. This paper examines the effects of bank digitalization on sustainable financial inclusion and explores two underlying incentive mechanisms in banks: profit driven and risk aversion. We construct a basic model and a mechanism model and exploit a nonlinear attempt, heterogeneous estimation as well as supplementary variable and instrument variable methods for a robustness test. The results of the basic model demonstrate that bank digitalization has significant positive effects on financial inclusion and the current financial inclusive effects are sustainable. The mechanism models designed as the mediation effect panel model suggest that digitalization enables banks to expand the business probability frontier of profit-driven behavior and pursuit of credit portfolio diversity in risk aversion behavior, thereby promoting sustainable financial inclusion. As a result of digitalization, vulnerable groups can benefit from sustainable financial inclusion, while financial inclusion feeds back into banks’ sustainable development. This paper conforms to the trend of the development of digitalization and provides theoretical and empirical support for banks to build digitalization and realize sustainable financial inclusion, which contributes to the “triple-win” financial ecology for improving banks’ performance, increasing the rights of vulnerable groups and promoting sustainable development throughout society.

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Can Digital Inclusive Finance Improve the Financial Performance of SMEs?

Cited by 7 publications

References 42 publications

Enhancing Construction Enterprise Financial Performance through Digital Inclusive Finance: An Insight into Supply Chain Finance

Enhancing Construction Enterprise Financial Performance through Digital Inclusive Finance: An Insight into Supply Chain Finance

Digital Literacy 5.0 to Enhance Multicultural Education

Can Digitalization Foster Sustainable Financial Inclusion? Opportunities for Both Banks and Vulnerable Groups

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