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Digital HP finance's role in the economic resilience of enterprises’ digital transformation

Author

Listed:
  • Xu, Ting
  • Shen, Zhenni
  • Zhang, Hui
  • Zhang, Chenglong
  • Huang, Honglei

Abstract

To promote digital transformation by enterprises and provide more convenient and efficient financial services, this study analyzes enterprise digital transformation's promotion mechanism and economic influence factors globally and clarifies the role of inclusive digital finance in self-regulation and reducing financing difficulties during enterprise transformation. Finally, an economic resilience model is constructed to select parameters of economic factors, refined into two dimensions: enterprise transformation ability and enterprise upgrading ability. The digital economy is found to be conducive to improving the gross profit margin of enterprises with a significance greater than 0. A regression analysis shows that the estimated coefficients of the digital financial inclusion index, breadth of coverage, and depth of use are all significantly positive, and the different nature of the firms passes the significance test at the 1 % level. Thus, inclusive digital finance reduces the business risk of digital transformation and promotes the development of enterprises in the direction of specialization and innovation.

Suggested Citation

  • Xu, Ting & Shen, Zhenni & Zhang, Hui & Zhang, Chenglong & Huang, Honglei, 2024. "Digital HP finance's role in the economic resilience of enterprises’ digital transformation," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003428
    DOI: 10.1016/j.frl.2024.105312
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    References listed on IDEAS

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    1. Nataliia Trushkina & Rafis Abazov & Natalia Rynkevych & Guzelya Bakhautdinova, 2020. "Digital Transformation of Organizational Culture under Conditions of the Information Economy," Virtual Economics, The London Academy of Science and Business, vol. 3(1), pages 7-38, January.
    2. Sergey M. Vasin & Leyla A. Gamidullaeva & Alexey G. Finogeev & Vardan S. Mkrttchian & Artiom A. Berezin, 2021. "The use of benchmarking tool to improve efficiency of company's innovation activities in the conditions of digital economy," International Journal of Process Management and Benchmarking, Inderscience Enterprises Ltd, vol. 11(2), pages 151-177.
    3. Bo Yang & Xiangnan Wang & Tong Wu & Weihua Deng, 2023. "Reducing farmers' poverty vulnerability in China: The role of digital financial inclusion," Review of Development Economics, Wiley Blackwell, vol. 27(3), pages 1445-1480, August.
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