Research on the impact of digital financial inclusion on entrepreneurship:Based on empirical evidence at the city level
Entrepreneurship is an important factor in promoting Chinese-style modernization,and the promotion of entrepreneurship cannot be achieved without financial support.Firstly,this paper analyzes the internal mechanism of the impact of the development of digital inclusive finance on entrepreneurship.Then,it uses urban panel data to test the effect of digital inclusive finance on entrepreneurship.The research find-ings are as follows:the development of digital inclusive finance helps to stimulate entrepreneurs'innovative and entrepreneurial spirit.The impact of digital inclusive finance on entrepreneurship shows heterogeneity due to differences in geographical location,degree of marketization,and business format levels.Digital in-clusive finance promotes entrepreneurship through two channels:alleviating financing constraints and impro-ving financial efficiency.
digital inclusive financeentrepreneurshipfinancing constraintsfinancial efficiency