The impact of bank-enterprise distance on the digital economic value of manufacturing enterprises

Jiaxu Wu and Yibing Yang

Finance Research Letters, 2024, vol. 60, issue C

Abstract: Digitization is ST enterprises to successfully innovate and transform. However, existing studies pay less attention to the economic benefits of digitization, especially the lack of in-depth exploration on the mechanism of the impact of bank-enterprise distance on the economic value of digitization. Therefore, based on the perspective of signal asymmetry theory, this paper using A-share listed companies from 2014 to 2021 as samples, found bank-enterprise distance cuts down the digital economic value; while financing constraints are more capable of inhibiting this weakening effect. The findings provide new perspectives and practical insights for enterprises to empower digital economic value.

Keywords: Bank-business distance; Digital economic value; Signal asymmetry theory perspective; Financing constraints (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323011960

DOI: 10.1016/j.frl.2023.104824

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