Digital inclusive finance and digital transformation of enterprises

Bingnan Guo, Yu Feng and Ji Lin

Finance Research Letters, 2023, vol. 57, issue C

Abstract: This paper evaluates the impact of digital inclusive finance (DIF) on enterprise digital transformation (EDT) using a two-way fixed effects model. The results show that DIF can significantly promote EDT, and the breadth of coverage and the depth of usage will enhance the digitalization of enterprises. The mechanism analysis shows that in this process, technological innovation plays a positive moderating effect, and executives' financial background plays a negative moderating effect. In addition, this promotion is significant for non-state-owned enterprises, but not for state-owned enterprises. Overall, this study provides reliable empirical evidence and policy insights to optimize the development of DIF and promote the digital transformation of enterprises.

Keywords: DIF; EDT; Technological innovation; Executives' finance background (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323006426

DOI: 10.1016/j.frl.2023.104270

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