The Impact of Digital Inclusive Finance on the Digital Transformation of Enterprises-Empirical:Evidence from A-share Listed Companies
Digital inclusive finance is the product of traditional finance combined with digital technology and has a significant impact on microeconomic entities and the macroeconomy.Using the data of A-share listed companies from 2011 to 2020,and using the hierarchical regression analysis method,the impact and mechanism of digital inclusive finance on corporate digital transformation were studied.The study found that digital inclusive finance can significantly promote the digital transformation of enter-prises.Its breadth and depth have a particularly prominent impact on the digital transformation of en-terprises,and it has a continuous promotion effect.Digital inclusive finance promotes the digital trans-formation of enterprises by easing their financing constraints.Managers'willingness to innovate posi-tively moderates the relationship between digital financial inclusion and corporate digital transforma-tion.Heterogeneity analysis shows that digital inclusive finance has a greater promotion effect on the digital transformation of non-state-owned enterprises and non-manufacturing enterprises,but its pro-motion effect on enterprises in the western and northeastern regions is not significant.The research conclusions of this article provide reliable empirical evidence and policy implications for the develop-ment and optimization of digital inclusive finance and the innovation drive of enterprise digital transfor-mation.
Digital Inclusive FinanceDigital TransformationManager's Willingness to InnovateFi-nancing Constraints
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