Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

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The Development of Digital Financial Inclusion and Corporate Financialization

Authors
Siyan Liu1, *
1Engineering Faculty, University of Sydney, Sydney, Australia
*Corresponding author. Email: sliu5519@uni.sydney.edu.au
Corresponding Author
Siyan Liu
Available Online 14 December 2022.
DOI
10.2991/978-94-6463-054-1_3How to use a DOI?
Keywords
Digital financial; Corporate financialization; de-realization
Abstract

The digital economy and digital finance are developing rapidly in China. This paper examines the relationship between the development of digital finance and the degree of corporate financialization. The paper uses computer technology and numerical simulation methods to estimate and formulate OLS and Panel FE models, which are used to answer the question of the impact of digital technology on the financialization of firms. The empirical results show that the development of digital finance promoted the financialization of enterprises. Benchmark regression shows that a 1 unit increase in the Digital Finance Index leads to a 0.04% increase in financialization. Heterogeneity analysis shows no scale effect in the impact of digital finance development on corporate financialization. Based on this, this paper suggests that deviating from the real to the virtual caused by over-financialization should be avoided in the digital era.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2022
ISBN
10.2991/978-94-6463-054-1_3
ISSN
2352-5428
DOI
10.2991/978-94-6463-054-1_3How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siyan Liu
PY  - 2022
DA  - 2022/12/14
TI  - The Development of Digital Financial Inclusion and Corporate Financialization
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 13
EP  - 23
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_3
DO  - 10.2991/978-94-6463-054-1_3
ID  - Liu2022
ER  -