The Impact of Digital Finance on the R&D and Innovation of Specialized and Innovative Small and Medium-Sized Enterprises
Based on the panel data of specialized and innovative small and medium-sized enterprises lis-ted in China from 2018 to 2022,this paper empirically analyzes the impact mechanism of digital finance on R&D and innovation of specialized and innovative small and medium-sized enterprises.The results show that digital finance promotes the R&D and innovation of specialized and innovative small and medium-sized enter-prises by easing financing constraints,reducing market risks,and speeding up the IPO process.Therefore,rele-vant financial institutions should increase the investment and construction of digital financial technology,ex-pand the boundaries of digital financial services,in order to support the high-quality development of special-ized small and medium-sized enterprises,and create a good financial space.
digital financefinancing constraintsspecialized and newr&d and innovation of small and medium-sized enterprises
国家科技期刊平台
NSTL
万方数据
