In the context of digital economy,digital transformation is an important way to achieve high-quality economic development of enterprises.This paper takes the data of A-share listed companies from 2012 to 2021 as the research sample to explore the impact of digital transformation of enterprises on financing constraints.The study finds that digital transformation can alleviate financing constraints.The mechanism of action test finds that digital transformation of enterprises improves information transparency and alleviates financing constraints.And the results of heterogeneity analysis show that digital transformation of enterprises with low government subsidies has a more significant effect on alleviating financing constraints compared with those enterprises with high government subsidies.
关键词
数字化转型/融资约束/信息透明度/政府补助
Key words
digital transformation/financing constraints/information transparency/government subsidies
维普
万方数据