Research Article
Exploring the Impact of the Breadth of Digital Financial Coverage on the Financialization of Small and Medium-Sized Enterprises
@INPROCEEDINGS{10.4108/eai.28-10-2022.2328420, author={Tianhao Dong}, title={Exploring the Impact of the Breadth of Digital Financial Coverage on the Financialization of Small and Medium-Sized Enterprises}, proceedings={Proceedings of the International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2022, October 28-30, 2022, Shenzhen, China}, publisher={EAI}, proceedings_a={FFIT}, year={2023}, month={4}, keywords={small and medium-sized enterprises; digital finance; corporate financialization}, doi={10.4108/eai.28-10-2022.2328420} }- Tianhao Dong
Year: 2023
Exploring the Impact of the Breadth of Digital Financial Coverage on the Financialization of Small and Medium-Sized Enterprises
FFIT
EAI
DOI: 10.4108/eai.28-10-2022.2328420
Abstract
Digital finance is of great significance to the Small and medium-sized enterprises (SMEs) development, and when Small and medium-sized enterprises no longer receive the constraints of traditional financial models, the financialization of enterprises will follow. This paper analyzes the financialization of listed SMEs in China through an empirical analysis using the coverage breadth of the Peking University Digital Financial Inclusion Index of China. The study finds that the breadth of digital financial coverage has a positive and significant effect on the financialization of SMEs. This paper examines the impact of the digital era on the financialization of SMEs, bringing some insight into the digital finance development and the study of the financialization of SMEs.