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Digital inclusive finance and digital transformation of enterprises

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  • Guo, Bingnan
  • Feng, Yu
  • Lin, Ji

Abstract

This paper evaluates the impact of digital inclusive finance (DIF) on enterprise digital transformation (EDT) using a two-way fixed effects model. The results show that DIF can significantly promote EDT, and the breadth of coverage and the depth of usage will enhance the digitalization of enterprises. The mechanism analysis shows that in this process, technological innovation plays a positive moderating effect, and executives' financial background plays a negative moderating effect. In addition, this promotion is significant for non-state-owned enterprises, but not for state-owned enterprises. Overall, this study provides reliable empirical evidence and policy insights to optimize the development of DIF and promote the digital transformation of enterprises.

Suggested Citation

  • Guo, Bingnan & Feng, Yu & Lin, Ji, 2023. "Digital inclusive finance and digital transformation of enterprises," Finance Research Letters, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323006426
    DOI: 10.1016/j.frl.2023.104270
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    References listed on IDEAS

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    Cited by:

    1. Xie, Chunyu & Ye, Linlin & Zhong, Nan & Wan, Wenjun, 2024. "Impact of digital finance on corporate green innovation: Exploring role of land resource misallocation in China," Resources Policy, Elsevier, vol. 91(C).
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    3. Zhang, Ge & Guo, Bingnan & Lin, Ji, 2023. "The impact of green finance on enterprise investment and financing," Finance Research Letters, Elsevier, vol. 58(PD).
    4. Pham Quang Huy & Vu Kien Phuc, 2025. "Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-32, December.
    5. Xu, Xiaoying & Jin, Mei & Gong, Xinshu, 2024. "Local environmental goal constraint intensity and corporate ESG performance: An empirical observation based on China," Finance Research Letters, Elsevier, vol. 62(PB).
    6. Yang, Jinxuan & Hui, Ning, 2024. "How digital finance affects the sustainability of corporate green innovation," Finance Research Letters, Elsevier, vol. 63(C).
    7. Yanzhao Li & Ju-e Guo & Wenjun Zhu, 2024. "Digital financial inclusion and domestic tourism demand: Through the lens of spatial spillover," Tourism Economics, , vol. 30(7), pages 1680-1703, November.
    8. Li, Pingrui & Zhao, Xu, 2024. "The impact of digital transformation on corporate supply chain management: Evidence from listed companies," Finance Research Letters, Elsevier, vol. 60(C).
    9. Lin, Baoguo & Dong, Xueqin, 2024. "Empirical Study on the Impact of Digital Finance on Commercial Credit Allocation in SMEs," Finance Research Letters, Elsevier, vol. 61(C).

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