Digital inclusive finance and corporate debt financing: Empirical evidence from China

Yongbin Cai, Xinyu Tan, Wenbin Fang, Shamsun Nahar and Feiyang Wang

Economic Analysis and Policy, 2025, vol. 86, issue C, 494-509

Abstract: Against rapid digital transformation in the financial sector, this study investigates whether digital inclusive finance (DIF) development can enhance corporate debt financing. Employing a multiple linear regression model, we find that regional DIF development significantly increases the scale of corporate debt financing, primarily by reducing financing costs. These results highlight the foundational role of DIF in improving enterprises' financial accessibility. The study contributes by providing new insights into corporate debt financing and offering empirical evidence for policymakers to prioritize DIF development to promote financial inclusion and support economic growth.

Keywords: Digital inclusive finance; Corporate debt financing; Debt financing costs (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592625001286
Full text for ScienceDirect subscribers only

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:eee:ecanpo:v:86:y:2025:i:c:p:494-509

DOI: 10.1016/j.eap.2025.03.055

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().