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Digital finance development level and corporate debt financing cost

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  • Tang, Ye
  • Geng, Baiyang

Abstract

This paper selects the data of China's A-share listed companies from 2012 to 2022 as the research object to explore the impact of digital finance on the cost of corporate debt financing. It is found that the development of digital finance can significantly reduce the cost of corporate debt financing; the impact of digital finance on the cost of corporate debt financing has regional heterogeneity, and the impact of digital finance on the cost of corporate debt financing has industry heterogeneity.

Suggested Citation

  • Tang, Ye & Geng, Baiyang, 2024. "Digital finance development level and corporate debt financing cost," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323011972
    DOI: 10.1016/j.frl.2023.104825
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    3. Shi, Hongyu & Zhou, Qun, 2024. "Government R&D Subsidies, Environmental regulation and corporate green innovation performance," Finance Research Letters, Elsevier, vol. 69(PB).
    4. Yang, Jinxuan & Hui, Ning, 2024. "How digital finance affects the sustainability of corporate green innovation," Finance Research Letters, Elsevier, vol. 63(C).
    5. Linyue Li & Guoqiang Li & Fuchang Li, 2024. "Digital finance policy and the challenge of air pollution in China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-8, December.
    6. Li, Meng & Wang, Zhengqi & Shu, Linhan & Gao, Haoyu, 2025. "Broadband infrastructure and enterprise digital transformation: Evidence from China," Research in International Business and Finance, Elsevier, vol. 73(PB).
    7. Zhao, Qiao & Wang, Wangqing, 2024. "Impact of digital financial tools on intermediate goods: Synergies between external funding and internal R&D investment," Finance Research Letters, Elsevier, vol. 67(PB).
    8. Shang, Rui & Wang, Yan, 2024. "Digital finance development and equalization of educational opportunities: An empirical analysis based on CFPS panel data," Finance Research Letters, Elsevier, vol. 65(C).
    9. Li, Wanhui & Wang, Shumin & Deng, Xinxia, 2024. "The impact of digital finance on business environment: Mediating role of industrial structural upgrading and moderating role of digital infrastructure," Finance Research Letters, Elsevier, vol. 67(PA).

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