The asymmetric effects of digital inclusive finance’s breadth and depth on the digital transformation of agribusinesses

Wenyi Li, Zhen Yang and Wenna Wang

Finance Research Letters, 2025, vol. 72, issue C

Abstract: Drawing on data from agribusinesses spanning 2000 to 2022, we uncover the non-linear effects of digital inclusive finance breadth and depth on their digital transformation. First, a U-shaped relationship exists between the breadth and depth of digital inclusive finance and the digital transformation of agribusinesses. Second, cash flow moderates the U-shaped relationship between the breadth of digital inclusive finance and digital transformation. This moderation flattens the U-shape, potentially inverting it beyond a certain point. Notably, cash flow does not moderate the relationship between the depth of digital inclusive finance and digital transformation. Third, the U-shaped relationship between the breadth and depth of digital inclusive finance and agribusinesses’ digital transformation is significant only in the eastern and central regions and is observed exclusively before the onset of the COVID-19 pandemic.

Keywords: Digital inclusive finance breadth; Digital inclusive finance depth; Digital transformation; Agribusinesses; Cash flow (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015575

DOI: 10.1016/j.frl.2024.106528

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