 Impact of Traditional and Digital Financial Inclusion on Enterprise Innovation: Evidence from ChinaKangyu Ren, Yuan Wang and Lulu Liu SAGE Open, 2023, vol. 13, issue 1, 21582440221148097 Abstract: Financial inclusion refers to a process that ensures the ease of access, availability, and usage of the financial system for all members of an economy. This paper aims to study financial inclusion’s impact on enterprise innovation and compare the different effects of traditional and digital financial inclusion. Existing papers mainly focus on digital financial inclusion’s influence. Based on China’s data, this paper fills the gap by constructing an index system to measure traditional financial inclusion and discussing the impact mechanism of the two kinds of financial inclusion on enterprise innovation (output and efficiency). The results illustrate that traditional financial inclusion inhibits the innovation output of enterprises, while digital financial inclusion has a positive effect. However, both traditional and digital financial inclusion is still in the stage of constraining the innovation efficiency of enterprises. Moreover, the two types of financial inclusion function differently for enterprises of different sizes and ownership. Evidence from China is expected to reveal the features of this relationship and inspire research in more economies. Keywords: traditional financial inclusion; digital financial inclusion; enterprise innovation; innovation output; innovation efficiency (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:sae:sagope:v:13:y:2023:i:1:p:21582440221148097 DOI: 10.1177/21582440221148097 Access Statistics for this article More articles in SAGE Open |
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