How government digital attention alleviates enterprise financing constraints: An enterprise digitalization perspective

Zihao Peng, Yiqi Huang, Luanhong Liu, Wanli Xu and Xihong Qian

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: This study emphasizes the impact of government interventions on improving enterprise financing in the digital age. By analyzing data from China's A-share listed companies spanning 2011 to 2021, it reveals that government digital attention significantly alleviates enterprise financing constraints. These findings remain robust after rigorous endogeneity and robustness tests. The study further elucidates that government digital attention facilitates enterprise digital transformation and innovation, which, in turn, ameliorates enterprise financing constraints. This elucidation of a dual-mechanism model augments the scholarly comprehension of the interplay between governmental initiatives and enterprise financing, providing imperative implications for policy formulation.

Keywords: Government digital attention; Enterprise financing constraints; Enterprise digitalization perspective; Digital transformation; Digital innovation (search for similar items in EconPapers)
JEL-codes: G32 O25 O32 O38 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324009139

DOI: 10.1016/j.frl.2024.105883

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