{"title":"The unexpected effect of digital inclusive finance on","authors":"Yujiao Li , Yunge Han","doi":"10.1016/j.frl.2025.107148","DOIUrl":null,"url":null,"abstract":"<div><div>Using data from Chinese cities and firms, this paper analyzed the impact and mechanisms of the development of digital inclusive finance on enterprise resilience. This study found that although digital inclusive finance can alleviate financing constraints for enterprises, it also increases their debt pressure, especially short-term debt pressure, and leads to blind investment, reducing investment efficiency and resilience. Meanwhile, strengthening the audit supervision of enterprises and improving their investment efficiency can effectively alleviate the negative impact of the digital inclusive finance on enterprise resilience. The conclusion of this article reveals the unexpected risks of digital inclusive finance, which can provide implications and suggestions for improving digital inclusive finance.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"78 ","pages":"Article 107148"},"PeriodicalIF":7.4000,"publicationDate":"2025-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325004118","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
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Abstract
Using data from Chinese cities and firms, this paper analyzed the impact and mechanisms of the development of digital inclusive finance on enterprise resilience. This study found that although digital inclusive finance can alleviate financing constraints for enterprises, it also increases their debt pressure, especially short-term debt pressure, and leads to blind investment, reducing investment efficiency and resilience. Meanwhile, strengthening the audit supervision of enterprises and improving their investment efficiency can effectively alleviate the negative impact of the digital inclusive finance on enterprise resilience. The conclusion of this article reveals the unexpected risks of digital inclusive finance, which can provide implications and suggestions for improving digital inclusive finance.
期刊介绍：
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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