Research on the theoretical logic and mechanism of digital inclusive finance in promoting the high-quality development of small and medium-sized enterprises
Year: 2025
Type: article
Abstract: This paper selects panel data from SMEs listed on the China Shenzhen Small and Medium Enterprise Board from 2011 to 2022, analyzing and testing the theoretical logic and mechanism through which digital inclusive finance promotes the high-quality development of SMEs. The research shows that digital inclusive finance can empower the high-quality development of SMEs, primarily through the breadth of its coverage. However, the enabling effects of the depth of use and the degree of digitization of digital inclusive finance on the high-quality development of SMEs have not been fully realized, and there is heterogeneity among different industries and regions. From the perspective of moderating effects, corporate digital transformation and corporate environmental information disclosure play positive moderating roles in the process of digital inclusive finance empowering the high-quality development of SMEs. Therefore, efforts should be made to strengthen the empowering role of digital inclusive finance to promote the high-quality development of SMEs, formulate regionally differentiated policies for the development of digital inclusive finance, and optimize the market environment for digital inclusive finance. At the same time, the digital transformation of SMEs should be promoted, and SMEs should be encouraged to disclose environmental information.
Authors: Yingying Zhang, Xiaofeng Dong, Yifei Wang, Hongtao Li
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $1,930
OpenAlex ID: W4410735851