Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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Can Digital Finance Promote Corporate Investment?

Authors
Danfeng Zhu1, *
1International Business School Shaanxi Normal University, Xi’an, China
*Corresponding author. Email: d.zhu@snnu.edu.cn
Corresponding Author
Danfeng Zhu
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_28How to use a DOI?
Keywords
digital finance; corporate investment; intangible asset collateral
Abstract

As a cutting-edge financial business model under the deep integration of technology and finance, digital finance may have an underlying impact on the development of the real economy. Using Chinese manufacturing private listed firms from 2011-2018 as a sample, this paper empirically examines the impact of digital finance on the investment expenditure of private firms. The study reveals that digital finance can significantly promote the increase in investment expenditure level of private firms. Further research shows that the promotion effect of digital finance on private firms’ investment is more significant in a high proportion of intangible assets and in areas with weak traditional financial development levels. In general, the development of digital finance helps to alleviate the problem of resource mismatch in Chinese traditional finance, promotes the improvement of firms’ investment level, and plays a positive role in stabilizing fixed asset investment.

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 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-042-8_28
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_28How 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  - Danfeng Zhu
PY  - 2022
DA  - 2022/12/29
TI  - Can Digital Finance Promote Corporate Investment?
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 185
EP  - 191
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_28
DO  - 10.2991/978-94-6463-042-8_28
ID  - Zhu2022
ER  -