Research on the theoretical logic and mechanism of digital inclusive finance in promoting the high-quality development of small and medium-sized enterprises

This paper selects panel data from SMEs listed on the China Shenzhen Small and Medium Enterprise Board from 2011 to 2022, analyzing and testing the theoretical logic and mechanism through which digital inclusive finance promotes the high-quality development of SMEs. The research shows that The empowerment effect of digital inclusive finance on the high-quality development of small and medium-sized enterprises is mainly achieved through the breadth of digital inclusive finance coverage. However, the enabling effects of the depth of use and the degree of digitization of digital inclusive finance on the high-quality development of SMEs have not been fully realized, and there is heterogeneity among different industries and regions. From the perspective of moderating effects, corporate digital transformation and corporate environmental information disclosure play positive moderating roles in the process of digital inclusive finance empowering the high-quality development of SMEs. Therefore, We should strengthen the empowerment of digital inclusive finance. Formulate regionally differentiated policies for the development of digital inclusive finance, and optimize the market environment for digital inclusive finance. At the same time, the digital transformation of SMEs should be promoted, and SMEs should be encouraged to disclose environmental information.