 Mitigating effect of digital payments on the micro-enterprises’ financing constraintsLi Deng and Pengcheng Qian Finance Research Letters, 2024, vol. 62, issue PB Abstract: Breaking the financing constraint is the focus of stimulating the innovation of micro-enterprises. Based on the 2020–2022 Chinese micro-enterprises’ survey data, the effect of data payment on the financing constraints of micro-enterprises is empirically examined. It is found that digital payment can significantly alleviate the financing constraints of micro-enterprises. The results of the heterogeneity test show that the mitigating effect of digital payments on the financing constraints of micro-enterprises in the western region is significantly stronger than that in the east-central region, and the mitigating effect on the financing constraints of micro-enterprises in the growth period is significantly stronger than that of micro-enterprises in the non-growth period. In addition, the level of financial marketization helps to strengthen the mitigating effect of digital payment on the financing constraints of micro-enterprises. Keywords: Digital payments; Micro-enterprises; Financing constraints; The level of financial marketization (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002393 DOI: 10.1016/j.frl.2024.105209 Access Statistics for this article Finance Research Letters is currently edited by R. Gençay More articles in Finance Research Letters from Elsevier |
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