IDEAS home Printed from https://ideas.repec.org/a/bpj/econoa/v19y2025i1p15n1005.html
   My bibliography  Save this article

Informal Finance and Enterprise Digital Transformation

Author

Listed:
  • Ning Zhiyuan

    (School of Finance, Yunnan University of Finance and Economics, Kunming, 650221, China)

  • Liu Pengzhen

    (College of Business, Quzhou University, Quzhou, 324000, China)

  • Wu Fei

    (South China Innovation Finance Research Institute, Guangdong University of Finance, Guangzhou, 510521, China)

  • Zhong Bin

    (School of Economics and Management, Gannan University of Science and Technology, Ganzhou, 341001, China)

  • Guo Xinyan

    (School of Economics and Management, Gannan University of Science and Technology, Ganzhou, 341001, China)

Abstract

Informal finance (IF) provides supplementary financing channels for firms and exerts a significant influence on corporate development decisions in emerging economies. This study empirically examines the impact of IF on enterprise digital transformation using data from A-share listed enterprises between 2010 and 2020. The results indicate that IF accelerates the process of enterprise digital transformation, with this effect being dependent on variations in firm characteristics and geographical locations. Additionally, further tests demonstrate that the advancement of the informal financial system can facilitate business digital transformation through improved information accessibility and enhanced financial access.

Suggested Citation

  • Ning Zhiyuan & Liu Pengzhen & Wu Fei & Zhong Bin & Guo Xinyan, 2025. "Informal Finance and Enterprise Digital Transformation," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 19(1), pages 1-15.
    • Handle: RePEc:bpj:econoa:v:19:y:2025:i:1:p:15:n:1005
    DOI: 10.1515/econ-2025-0158
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/econ-2025-0158
    Download Restriction: no
    File URL: https://libkey.io/10.1515/econ-2025-0158?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:econoa:v:19:y:2025:i:1:p:15:n:1005. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyterbrill.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.