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The impact of digital finance on urban entrepreneurial activity: The moderating effect of advanced human capital structure

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  • Zhen, Zhiyong
  • Cao, Ruoshan
  • Gan, Xiaohang
  • Wang, Chen

Abstract

Digital finance has positively influenced traditional finance, fiscal expenditure, and industrial structure, robustly supporting entrepreneurship. This study uses urban panel data from China from 2011 to 2021 to explore the relationship between digital finance, urban entrepreneurial activity, and human capital structure advancement. The research finds that digital finance development significantly boosts urban entrepreneurial activity. Advanced human capital structure positively moderates this process. Heterogeneity tests reveal regional disparities in this impact: in the eastern regions, digital finance has a stronger positive effect on enhancing urban entrepreneurial activity.

Suggested Citation

  • Zhen, Zhiyong & Cao, Ruoshan & Gan, Xiaohang & Wang, Chen, 2024. "The impact of digital finance on urban entrepreneurial activity: The moderating effect of advanced human capital structure," Finance Research Letters, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004446
    DOI: 10.1016/j.frl.2024.105414
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    References listed on IDEAS

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