The unexpected effect of digital inclusive finance on

Yujiao Li and Yunge Han

Finance Research Letters, 2025, vol. 78, issue C

Abstract: Using data from Chinese cities and firms, this paper analyzed the impact and mechanisms of the development of digital inclusive finance on enterprise resilience. This study found that although digital inclusive finance can alleviate financing constraints for enterprises, it also increases their debt pressure, especially short-term debt pressure, and leads to blind investment, reducing investment efficiency and resilience. Meanwhile, strengthening the audit supervision of enterprises and improving their investment efficiency can effectively alleviate the negative impact of the digital inclusive finance on enterprise resilience. The conclusion of this article reveals the unexpected risks of digital inclusive finance, which can provide implications and suggestions for improving digital inclusive finance.

Keywords: Digital inclusive finance; Enterprise resilience; Investment efficiency; Audit intensity (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004118

DOI: 10.1016/j.frl.2025.107148

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