The Promoting Role of Digital Inclusive Finance in the Innovation Transformation of Micro and Small Enterprises
DOI:
https://doi.org/10.62051/rzpsnt63Keywords:
Digital Inclusive Finance; Micro and Small Enterprises; Innovation Transformation; Fixed Effects Model; Mediation Effects Model.Abstract
To comprehend the role of digital inclusive finance (DIF) in facilitating the innovation transformation of Micro and Small Enterprises (MSEs), this study endeavors to establish a theoretical framework incorporating the Long Tail Theory, Financial Development Theory, and Information Asymmetry Theory. Employing a fixed-effects model, the study delves into the impact of DIF on the innovation transformation of MSEs. The findings suggest that DIF significantly mitigates the financing constraints faced by MSEs, thereby fostering their innovation transformation. This study bears both theoretical and practical significance in enhancing the understanding of the mechanism through which DIF promotes the innovation development of MSEs, while also providing a foundational reference for pertinent policy formulation.
Downloads
References
Xiong M, Li W, Xian B T S, et al. Digital inclusive finance and enterprise innovation—Empirical evidence from Chinese listed companies[J]. Journal of Innovation & Knowledge, 2023, 8(1): 100321.
Liang C, Du G, Cui Z, et al. Does digital inclusive finance enhance the creation of county enterprises? Taking Henan Province as a case study[J]. Sustainability, 2022, 14(21): 14542.
Li J, Li B. Digital inclusive finance and urban innovation: Evidence from China[J]. Review of Development Economics, 2022, 26(2): 1010-1034.
Guo B, Feng Y, Lin J. Digital inclusive finance and digital transformation of enterprises[J]. Finance Research Letters, 2023, 57(1): 104270.
Li Z, Zhu J, He J. The effects of digital financial inclusion on innovation and entrepreneurship: A network perspective[J]. Electron. Res. Arch, 2022, 30(1): 4697-4715.
Leong C, Tan F T C, Tan B, et al. The emancipatory potential of digital entrepreneurship: A study of financial technology-driven inclusive growth[J]. Information & Management, 2022, 59(3): 103384.
Sun Y, You X. Do digital inclusive finance, innovation, and entrepreneurship activities stimulate vitality of the urban economy? Empirical evidence from the Yangtze River Delta, China[J]. Technology in Society, 2023, 72(1): 102200.
Babilla T U K. Digital innovation and financial access for small and medium-sized enterprises in a currency union[J]. Economic Modelling, 2023, 120(1): 106182.
Dai D, Fu M, Ye L, et al. Can Digital Inclusive Finance Help Small-and Medium-Sized Enterprises Deleverage in China?[J]. Sustainability, 2023, 15(8): 6625.
Su R, Zheng T, Zhong Y, et al. Role of digital inclusive finance for high-quality business development: A study of China’s “five development concept” policy[J]. Sustainability, 2023, 15(15): 12078.
Wang W, He T, Li Z. Digital inclusive finance, economic growth and innovative development[J]. Kybernetes, 2023, 52(9): 3064-3084.
Fersi M, Boujelbéne M, Arous F. Microfinance's digital transformation for sustainable inclusion[J]. European Journal of Management and Business Economics, 2023, 32(5): 525-559.
Li S, Gao L, Han C, et al. Exploring the effect of digital transformation on Firms’ innovation performance[J]. Journal of Innovation & Knowledge, 2023, 8(1): 100317.
Pyoko O M, Akims M A, Nyachae S M, et al. Evaluating the Nexus between Digital Transformation and Financial Inclusion: A Fresh Insight from Small and Medium Enterprises in Kenya[J]. Asian Research Journal of Arts & Social Sciences, 2023, 21(4): 64-71.
Wang J, Wang X, Shen T, et al. Parallel vision for long-tail regularization: Initial results from IVFC autonomous driving testing[J]. IEEE Transactions on Intelligent Vehicles, 2022, 7(2): 286-299.
Yang L, Jiang H, Song Q, et al. A survey on long-tailed visual recognition[J]. International Journal of Computer Vision, 2022, 130(7): 1837-1872.
Cui J, Liu S, Tian Z, et al. Reslt: Residual learning for long-tailed recognition[J]. IEEE transactions on pattern analysis and machine intelligence, 2022, 45(3): 3695-3706.
Çetin M, Sarıgül S S, Işık C, et al. The impact of natural resources, economic growth, savings, and current account balance on financial sector development: Theory and empirical evidence[J]. Resources Policy, 2023, 81(1): 103300.
Ha N M, Hoang Ngoc B, Vo D H. Does financial development affect human capital? Evidence from Vietnam[J]. Journal of Asia Business Studies, 2023, 17(4): 785-803.
Bergh D D, Ketchen Jr D J, Orlandi I, et al. Information asymmetry in management research: Past accomplishments and future opportunities[J]. Journal of management, 2019, 45(1): 122-158.
Plümper T, Troeger V E. Not so harmless after all: The fixed-effects model[J]. Political Analysis, 2019, 27(1): 21-45.
Anwar M, Nidar S R, Komara R, et al. Rural bank efficiency and loans for micro and small businesses: evidence from West Java Indonesia[J]. International Journal of Emerging Markets, 2020, 15(3): 587-610.
Amamou R, Gereben A, Wolski M. Assessing the impact of the EIB’s intermediated lending to SMEs during funding shocks[J]. Small Business Economics, 2023, 60(3): 975-1007.
Downloads
Published
Conference Proceedings Volume
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
How to Cite
