Research Article
Digital Finance's Influence on the Asset-Liability Ratio of China's Real Economy -Analysis of Provincial Panel Data Technology from China
@INPROCEEDINGS{10.4108/eai.2-12-2022.2328707, author={Linying Song and Heying Song}, title={Digital Finance's Influence on the Asset-Liability Ratio of China's Real Economy -Analysis of Provincial Panel Data Technology from China}, proceedings={Proceedings of the 3rd International Conference on Big Data Economy and Information Management, BDEIM 2022, December 2-3, 2022, Zhengzhou, China}, publisher={EAI}, proceedings_a={BDEIM}, year={2023}, month={6}, keywords={internet+digital finance; asset liability ratio; inverted u-shape;}, doi={10.4108/eai.2-12-2022.2328707} }- Linying Song
Heying Song
Year: 2023
Digital Finance's Influence on the Asset-Liability Ratio of China's Real Economy -Analysis of Provincial Panel Data Technology from China
BDEIM
EAI
DOI: 10.4108/eai.2-12-2022.2328707
Abstract
The regression model is established by using the panel data of 30 provinces in China from 2011 to 2020 using STATA statistical software. The empirical results show that: the application of information technology and big data technology in the financial sector have significantly reduced the asset–liability ratio of enterprises; At the same time, the use of computer technology in finance plays a more remarkable effect on the asset-liability ratio of enterprises in the eastern region. Further analysis found that the effect of finance + IT on the asset-liability ratio of enterprises presents a signifi-cant inverted U-shaped effect relationship; Robustness test still meets the conclusion; The research is helpful to understand the role of growth of the combination of finance and technology in improving the asset-liability ratio of enterprises, driving entity en-terprises to improve quality and efficiency, and enhancing the sustainable growth ability of manufacturing enterprises.