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Digital finance penetration, new media-driven development, and enhancement of industrial chain resilience

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  • Chen, Xiaofei
  • Li, Qing

Abstract

Based on panel data from 31 provincial-level administrative regions from 2010 to 2023, this study empirically examines the effects of digital finance penetration and new media-driven development on enhancing industrial chain resilience using a fixed effects model. The results indicate that digital finance penetration significantly improves regional industrial chain resilience, exhibiting heterogeneity across different regions; new media-driven development likewise significantly enhances industrial chain resilience, also displaying regional heterogeneity; furthermore, digital finance penetration serves as a mediating factor in the relationship between new media-driven development and industrial chain resilience.

Suggested Citation

  • Chen, Xiaofei & Li, Qing, 2025. "Digital finance penetration, new media-driven development, and enhancement of industrial chain resilience," Finance Research Letters, Elsevier, vol. 85(PD).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pd:s1544612325014515
    DOI: 10.1016/j.frl.2025.108196
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    References listed on IDEAS

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