Digital finance, managerial ability, and corporate financing costs

Jiayue Xie, Shengnan Wang, Lu Chen and Yan Liu

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

Abstract: This study uses data from the Chinese A-share market from 2012 to 2022 to examine the inherent relationship between corporate financing costs and digital finance. Findings reveal that digital finance greatly suppresses the costs of equity financing and debt financing. Improving managerial skills has a certain reinforcing effect on the aforementioned effects. The inhibitory effect of the depth of digital finance utilization on debt financing costs has not been fully realized.

Keywords: Digital finance; Management competence; Enterprise financing cost; Inhibition effect; Strengthening effect (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:s1544612325004982

DOI: 10.1016/j.frl.2025.107235

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