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How does digital finance impact the leverage of Chinese households?

Author

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  • Zerong Wang
  • Donghao Zhang
  • Jiancheng Wang

Abstract

In this article, digital inclusive finance positively determines the debt ratio of Chinese households. Through mechanism analysis, we clarify that digital inclusive finance affects household debt ratio by increasing household consumption and relaxing liquidity constraints. Further analysis suggests that digital inclusive finance inhibits household over-indebtedness. These findings imply the tradeoff between deleverage and over-indebtedness of Chinese household sector.

Suggested Citation

  • Zerong Wang & Donghao Zhang & Jiancheng Wang, 2022. "How does digital finance impact the leverage of Chinese households?," Applied Economics Letters, Taylor & Francis Journals, vol. 29(6), pages 555-558, March.
    • Handle: RePEc:taf:apeclt:v:29:y:2022:i:6:p:555-558
    DOI: 10.1080/13504851.2021.1875118
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    Cited by:

    1. Dongjing Chen & Xiaotong Guo, 2023. "Impact of the Digital Economy and Financial Development on Residents’ Consumption Upgrading: Evidence from Mainland China," Sustainability, MDPI, vol. 15(10), pages 1-25, May.
    2. Hu, Debao & Zhai, Chenzhe & Zhao, Sibo, 2023. "Does digital finance promote household consumption upgrading? An analysis based on data from the China family panel studies," Economic Modelling, Elsevier, vol. 125(C).
    3. Mu, Weiwei & Liu, Kefu & Tao, Yunqing & Ye, Yongwei, 2023. "Digital finance and corporate ESG," Finance Research Letters, Elsevier, vol. 51(C).
    4. Aimin Zhang & Moses Nanyun Nankpan & Bo Zhou & Joseph Ato Forson & Edmund Nana Kwame Nkrumah & Samuel Evergreen Adjavon, 2024. "A COP28 Perspective: Does Chinese Investment and Fintech Help to Achieve the SDGs of African Economies?," Sustainability, MDPI, vol. 16(7), pages 1-14, April.
    5. Yunyan Jiang & Feng Deng, 2022. "Multi-Dimensional Threshold Effects of the Digital Economy on Green Economic Growth?—New Evidence from China," Sustainability, MDPI, vol. 14(19), pages 1-22, October.
    6. Zhang, Xiaoming & Zhang, Xinsong & Lee, Chien-Chiang & Zhao, Yue, 2023. "Measurement and prediction of systemic risk in China’s banking industry," Research in International Business and Finance, Elsevier, vol. 64(C).
    7. Qian Wang & Jinbao Yang & Yung‐ho Chiu & Tai‐Yu Lin, 2023. "Cross‐regional comparative study on digital finance and finance efficiency in China: The eastern and non‐eastern areas," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 68-83, January.
    8. Jiangbo Yu & Ying Xu & Kai Bai, 2022. "Can Digital Finance Narrow the Household Consumption Gap of Residents on Either Side of the Hu Line?," Sustainability, MDPI, vol. 14(15), pages 1-17, August.
    9. Geng Tian, 2022. "Influence of Digital Finance on Household Leverage Ratio from the Perspective of Consumption Effect and Income Effect," Sustainability, MDPI, vol. 14(23), pages 1-11, December.

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