Informal Finance and Enterprise Digital Transformation

Ning Zhiyuan, Liu Pengzhen, Wu Fei, Zhong Bin and Guo Xinyan ()
Additional contact information
Ning Zhiyuan: School of Finance, Yunnan University of Finance and Economics, Kunming, 650221, China
Liu Pengzhen: College of Business, Quzhou University, Quzhou, 324000, China
Wu Fei: South China Innovation Finance Research Institute, Guangdong University of Finance, Guangzhou, 510521, China
Zhong Bin: School of Economics and Management, Gannan University of Science and Technology, Ganzhou, 341001, China
Guo Xinyan: School of Economics and Management, Gannan University of Science and Technology, Ganzhou, 341001, China

Economics - The Open-Access, Open-Assessment Journal, 2025, vol. 19, issue 1, 15

Abstract: Informal finance (IF) provides supplementary financing channels for firms and exerts a significant influence on corporate development decisions in emerging economies. This study empirically examines the impact of IF on enterprise digital transformation using data from A-share listed enterprises between 2010 and 2020. The results indicate that IF accelerates the process of enterprise digital transformation, with this effect being dependent on variations in firm characteristics and geographical locations. Additionally, further tests demonstrate that the advancement of the informal financial system can facilitate business digital transformation through improved information accessibility and enhanced financial access.

Keywords: informal finance; enterprise digital transformation; information asymmetry (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/econ-2025-0158 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:econoa:v:19:y:2025:i:1:p:15:n:1005

DOI: 10.1515/econ-2025-0158

Access Statistics for this article

Economics - The Open-Access, Open-Assessment Journal is currently edited by Katharine Rockett

More articles in Economics - The Open-Access, Open-Assessment Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().