IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v59y2023i2p296-311.html
   My bibliography  Save this article

Regional Digital Finance and Corporate Financial Risk: Based on Chinese Listed Companies

Author

Listed:
  • Dai Yuhui
  • Lu Zhang

Abstract

Using digital inclusive finance data from Peking University, this paper empirically examines the relationship between regional digital finance development and the financial risk of listed companies. The mechanism test finds that digital finance development can significantly reduce corporate financial risk. Digital finance has a resource effect and governance effect, reducing corporate financial risk by alleviating corporate financing constraints and reducing inefficient investment. Heterogeneity tests show that the reduction effect of digital finance on corporate financial risk is more significant in SMEs, private firms, and firms with non-overconfident managers.

Suggested Citation

  • Dai Yuhui & Lu Zhang, 2023. "Regional Digital Finance and Corporate Financial Risk: Based on Chinese Listed Companies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(2), pages 296-311, January.
    • Handle: RePEc:mes:emfitr:v:59:y:2023:i:2:p:296-311
    DOI: 10.1080/1540496X.2022.2099268
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2022.2099268
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2022.2099268?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Adi GUNANTO, 2023. "Mitigating Financial Distress: Analysis of Financial Indicators for Startup Companies in Indonesia," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 4(10), pages 49-59, October.

    More about this item

    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:mes:emfitr:v:59:y:2023:i:2:p:296-311. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    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.