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Financial subsidies, digital finance, and corporate industrial investment level

Author

Listed:
  • Zhai, Jun
  • Zhang, Siyuan
  • Yang, Xuan

Abstract

This study examined the impact of digital finance and financial subsidies on enterprises’ industrial investment based on data from China A-share listed companies in Shanghai and Shenzhen from 2011 to 2020. Results show that the development of financial subsidies and digital finance positively impact industrial investment, further easing the financial constraints of enterprises. Based on results, suggestions such as rational resource usage and a clear investment direction are made.

Suggested Citation

  • Zhai, Jun & Zhang, Siyuan & Yang, Xuan, 2024. "Financial subsidies, digital finance, and corporate industrial investment level," Finance Research Letters, Elsevier, vol. 69(PB).
    • Handle: RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012546
    DOI: 10.1016/j.frl.2024.106225
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    More about this item

    Keywords

    Financial subsidy; Digital finance; Industrial investment level; Financing constraints;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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