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The impact of bank-enterprise distance on the digital economic value of manufacturing enterprises

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  • Wu, Jiaxu
  • Yang, Yibing

Abstract

Digitization is ST enterprises to successfully innovate and transform. However, existing studies pay less attention to the economic benefits of digitization, especially the lack of in-depth exploration on the mechanism of the impact of bank-enterprise distance on the economic value of digitization. Therefore, based on the perspective of signal asymmetry theory, this paper using A-share listed companies from 2014 to 2021 as samples, found bank-enterprise distance cuts down the digital economic value; while financing constraints are more capable of inhibiting this weakening effect. The findings provide new perspectives and practical insights for enterprises to empower digital economic value.

Suggested Citation

  • Wu, Jiaxu & Yang, Yibing, 2024. "The impact of bank-enterprise distance on the digital economic value of manufacturing enterprises," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323011960
    DOI: 10.1016/j.frl.2023.104824
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