The Development of Digital Financial Inclusion and Corporate Financialization

Siyan Liu ()
Additional contact information
Siyan Liu: University of Sydney, Engineering Faculty

A chapter in Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), 2023, pp 13-23 from Springer

Abstract: Abstract The digital economy and digital finance are developing rapidly in China. This paper examines the relationship between the development of digital finance and the degree of corporate financialization. The paper uses computer technology and numerical simulation methods to estimate and formulate OLS and Panel FE models, which are used to answer the question of the impact of digital technology on the financialization of firms. The empirical results show that the development of digital finance promoted the financialization of enterprises. Benchmark regression shows that a 1 unit increase in the Digital Finance Index leads to a 0.04% increase in financialization. Heterogeneity analysis shows no scale effect in the impact of digital finance development on corporate financialization. Based on this, this paper suggests that deviating from the real to the virtual caused by over-financialization should be avoided in the digital era.

Keywords: Digital financial; Corporate financialization; de-realization (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-054-1_3

Ordering information: This item can be ordered from
http://www.springer.com/9789464630541

DOI: 10.2991/978-94-6463-054-1_3

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().