Issue |
SHS Web Conf.
Volume 169, 2023
4th International Symposium on Frontiers of Economics and Management Science (FEMS 2023)
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Article Number | 01011 | |
Number of page(s) | 7 | |
DOI | https://doi.org/10.1051/shsconf/202316901011 | |
Published online | 29 May 2023 |
Digital financial inclusion, Financial Mismatch and Small and medium-sized enterprises Financing Constraints
School of Economic, Wuhan University of Technology, Wuhan, 430000, China
* Corresponding author: 1725257064@qq.com
Digital financial inclusion through the use of big data, artificial intelligence and other emerging technologies is becoming increasingly sophisticated in China. Using a sample of 843 SMEs in Shenzhen Stock Exchange from 2012-2021, this paper investigates the impact of digital financial inclusion on SMEs’ financing constraints and its mechanism of action using a fixed effects model. It is found that digital financial inclusion can significantly alleviate the financing constraints of SMEs. Further analysis of the mechanism of action reveals that digital financial inclusion can indeed reduce the level of financing constraints by alleviating the financial mismatch of enterprises. The heterogeneity analysis finds that this mitigating effect is greater among non-state versus eastern SMEs. This study sheds new light on alleviating the financing constraints of SMEs and improving financial mismatch.
Key words: Digital financial inclusion / Financial Mismatch Mitigation / SME Financing Constraints
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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