 Digital inclusive finance and digital innovation in private enterprisesXue Wang, Hui Wang, Lulu Song and Feiteng Zhang International Review of Economics & Finance, 2025, vol. 98, issue C Abstract: This paper empirically examines the impact and mechanisms of digital inclusive finance on the digital innovation in private enterprises. The results indicate that digital inclusive finance significantly improves the digital innovation of private enterprises, and the IT background of executives can strengthen the role of digital inclusive finance in driving digital innovation of private enterprises. The mechanism test shows that digital inclusive finance promotes digital innovation through alleviating resource constraints and promoting industrial upgrading. Heterogeneity analysis reveals that the promotion effect is more pronounced in technology-intensive industries, in regions with low traditional financial development and strong industrial policy support. These findings serve as a valuable supplement to research on the driving forces of digital innovation and provide a reference for exploring the reform direction of financial services targeting the real economy. Keywords: Digital inclusive finance; Digital innovation; Private economy; Financing constraints (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:98:y:2025:i:c:s1059056025001534 DOI: 10.1016/j.iref.2025.103990 Access Statistics for this article International Review of Economics & Finance is currently edited by H. Beladi and C. Chen More articles in International Review of Economics & Finance from Elsevier |
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