Digital inclusive finance and enterprise innovation—Empirical evidence from Chinese listed companies

Xiong, Mingzhao; Li, Wenqi; Teo, Brian Sheng-Xian; Yang, Ao

doi:10.1016/j.jik.2023.100321

Cited by 52 publications

(12 citation statements)

References 33 publications

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“…Furthermore, by adroitly scrutinizing high-tech SMEs' enterprise value and growth trajectories, digital inclusive finance competently foresees and assesses potentialities, curtailing information asymmetry and collateral insufficiencies inherent in the financing trajectory. Ergo, the impact of financing constraints mitigation gains pronounced traction, precipitating a heightened proclivity for innovation within high-tech SMEs [23,42]. Grounded in this scrutiny, this paper postulates the formulation of the fourth hypothesis: Hypothesis 4: Digital inclusive finance engenders disparate impetuses on the innovation investment tendencies of SMEs hinging on their technological attributes, wielding a more conspicuous sway in augmenting innovation investment among high-tech SMEs.…”

Section: Technological Characteristics Of Smesmentioning

confidence: 89%

“…Furthermore, by adroitly scrutinizing high-tech SMEs’ enterprise value and growth trajectories, digital inclusive finance competently foresees and assesses potentialities, curtailing information asymmetry and collateral insufficiencies inherent in the financing trajectory. Ergo, the impact of financing constraints mitigation gains pronounced traction, precipitating a heightened proclivity for innovation within high-tech SMEs [ 23 , 42 ]. Grounded in this scrutiny, this paper postulates the formulation of the fourth hypothesis:…”

Section: Theory and Hypothesesmentioning

confidence: 99%

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The impact of digital inclusive finance on SMEs’ technological innovation activities—Empirical analysis based on the data of new third board enterprises

Gu,

Gao,

Zhu

et al. 2023

PLoS ONE

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The landscape of financial technology is undergoing a continuous evolution, driven by the relentless advancement of information technology. In this transformative milieu, digital finance has emerged as a novel financial paradigm, offering a blueprint for fostering inclusive finance. With a particular emphasis on its implications for Small and Medium-sized Enterprises (SMEs), this article harnesses a comprehensive dataset spanning the years 2011 to 2021, encompassing digital inclusive finance and SMEs listed on the SME board. Employing fixed effects models, this study performs a regression analysis to verify the driving effect of digital inclusive finance on SMEs’ innovation activities. The findings unequivocally affirm the potency of inclusive finance in ameliorating the longstanding financing constraints that have historically constrained the growth trajectory of SMEs. Furthermore, the study elucidated the nuanced nature of the promotional impact of digital inclusive finance on SMEs, contingent upon their distinct property rights and technological attributes. Specifically, the empirical findings unveil a discernible pattern wherein digital inclusive finance exerts a conspicuously stronger promotional effect on non-state-owned enterprises and high-tech SMEs’ endeavors in technological innovation. The conclusions derived from this research furnish a salient point of reference for governmental authorities engaged in the formulation and advancement of digital inclusive finance strategies, thereby imparting strategic guidance for the cultivation of innovation and holistic development within the SME sector.

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Section: Technological Characteristics Of Smesmentioning

confidence: 89%

Section: Theory and Hypothesesmentioning

confidence: 99%

The impact of digital inclusive finance on SMEs’ technological innovation activities—Empirical analysis based on the data of new third board enterprises

Gu,

Gao,

Zhu

et al. 2023

PLoS ONE

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show abstract

“…Table 1 shows the Digital Inclusive Finance Development Index. The Digital Financial Inclusion Development Index is widely recognized as the primary index used in research on digital financial inclusion in China [39][40][41]. Nearly all articles on digital financial inclusion in China rely on this index for their analysis.…”

Section: Description Of Variablesmentioning

confidence: 99%

The Role of Digital Inclusive Finance in Weakening Real Estate Market Speculation

Zhang,

Pang

2024

Buildings

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A multitude of studies have extensively examined strategies for achieving sustainable development in the real estate market. As the pivotal component of land economy, the real estate market plays a crucial role in ensuring its sound operation. However, it is currently undergoing significant adjustments and grappling with rampant speculative activities, resulting in an alarming bubble. By scrutinizing the speculative motivations of different entities, we present a novel perspective on mitigating speculation. Our analysis reveals that digital inclusive finance effectively curbs residents’ and enterprises’ speculative behavior, as evidenced by diminished prevention motivation and investment substitution motivation. Utilizing data from 280 cities, this study measures real estate market speculation by establishing a model that the volatility of the housing market turnover, as a proportion of GDP, deviates from the actual housing demand transactions based on economic fundamentals. Furthermore, it investigates the relationship between digital inclusive finance and real estate market speculation, along with its spatial effects. The findings indicate that digital inclusive finance significantly curbs real estate market speculation and has a negative spatial spillover effect. This research provides a novel model and perspective for exploring real estate market speculation while positively impacting sustainable development within the real estate market.

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“…De otro lado, el análisis de respuestas durante la crisis de COVID-19 muestra la adaptación a tecnologías en línea y cambios en estrategias comerciales (Symbat et al, 2024). Además, el desarrollo de Finanzas Inclusivas Digitales impulsa la innovación en I+D, especialmente en PYMES, según un modelo bidireccional realizado por Mingzhao et al (2023), mientras que la inclusión financiera digital promueve el crecimiento económico al facilitar el acceso a servicios financieros y mejorar la eficiencia del mercado, fomentando el desarrollo económico y la resiliencia financiera (Wenzhi y Ying, 2023).…”

Section: Desarrollounclassified

Estrategias Financieras para el crecimiento económico de las PYMES del sector bananero: Caso provincia de El Oro, Ecuador

Palas Jiménez,

Urdaneta Montiel

2024

LATAM

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Se analizan los desafíos financieros de las PYMES bananeras del cantón Machala, provincia El Oro, Ecuador, como la dificultad para obtener financiamiento y la gestión financiera deficiente, resaltando la necesidad de estrategias efectivas para estimular su crecimiento económico. Se destaca la importancia de optimizar costos, buscar asesoramiento financiero y establecer políticas claras. La falta de evaluación y supervisión de las estrategias financieras afecta negativamente el crecimiento. Se enfatiza la planificación financiera a largo plazo y la gestión del flujo de efectivo; además se analiza el impacto de diversas estrategias financieras en el crecimiento económico, que requieren mejorías para lograr un crecimiento sostenible, destacando la asociación entre un mayor capital y la efectividad de estas estrategias como factor clave para reducir la dependencia externa y fomentar el crecimiento equilibrado de las PYMES bananeras.

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Digital inclusive finance and enterprise innovation—Empirical evidence from Chinese listed companies

Cited by 52 publications

References 33 publications

The impact of digital inclusive finance on SMEs’ technological innovation activities—Empirical analysis based on the data of new third board enterprises

The impact of digital inclusive finance on SMEs’ technological innovation activities—Empirical analysis based on the data of new third board enterprises

The Role of Digital Inclusive Finance in Weakening Real Estate Market Speculation

Estrategias Financieras para el crecimiento económico de las PYMES del sector bananero: Caso provincia de El Oro, Ecuador

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