Financial subsidies, digital finance, and corporate industrial investment level

Jun Zhai, Siyuan Zhang and Xuan Yang

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: This study examined the impact of digital finance and financial subsidies on enterprises’ industrial investment based on data from China A-share listed companies in Shanghai and Shenzhen from 2011 to 2020. Results show that the development of financial subsidies and digital finance positively impact industrial investment, further easing the financial constraints of enterprises. Based on results, suggestions such as rational resource usage and a clear investment direction are made.

Keywords: Financial subsidy; Digital finance; Industrial investment level; Financing constraints (search for similar items in EconPapers)
JEL-codes: E44 O12 P36 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012546

DOI: 10.1016/j.frl.2024.106225

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