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Impact of digital finance on the high-quality development with Chinese cultural industry

Author

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  • Jiang, Haohan
  • Zhao, Fang

Abstract

Based on provincial panel data from China between 2011 and 2023, this study examines the impact of digital finance and its various dimensions on the high-quality development of China's cultural industry, as well as the underlying mechanisms. The findings suggest that digital finance contributes to the high-quality development of the cultural industry in China. In terms of specific dimensions, the breadth of coverage, depth of use, and degree of digitization of digital finance all exhibit positive effects. Moreover, the promoting effect of digital finance is found to strengthen with the increasing level of marketization.

Suggested Citation

  • Jiang, Haohan & Zhao, Fang, 2025. "Impact of digital finance on the high-quality development with Chinese cultural industry," Finance Research Letters, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325005999
    DOI: 10.1016/j.frl.2025.107336
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