Mitigating effect of digital payments on the micro-enterprises' financing constraints

被引：12

作者：

Deng, Li ^{[1
]}

Qian, Pengcheng ^{[2
]}

机构：

[1] Guangdong Univ Foreign Studies, Sch Econ & Trade, Guangzhou 510006, Guangdong, Peoples R China

[2] Anhui Univ Finance & Econ, Sch Finance, Bengbu 233000, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2024年 / 62卷

关键词：

Digital payments; Micro-enterprises; Financing constraints; The level of financial marketization;

D O I：

10.1016/j.frl.2024.105209

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Breaking the financing constraint is the focus of stimulating the innovation of micro-enterprises. Based on the 2020-2022 Chinese micro-enterprises' survey data, the effect of data payment on the financing constraints of micro-enterprises is empirically examined. It is found that digital payment can significantly alleviate the financing constraints of micro-enterprises. The results of the heterogeneity test show that the mitigating effect of digital payments on the financing constraints of micro-enterprises in the western region is significantly stronger than that in the eastcentral region, and the mitigating effect on the financing constraints of micro-enterprises in the growth period is significantly stronger than that of micro-enterprises in the non-growth period. In addition, the level of financial marketization helps to strengthen the mitigating effect of digital payment on the financing constraints of micro-enterprises.

引用

页数：8

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