Does digital transformation matter for trade credit provision? Evidence from China

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

Pacific-Basin Finance Journal Pub Date : 2024-06-03 DOI:10.1016/j.pacfin.2024.102422

Linyin Cheng

引用次数: 0

Abstract

This study demonstrated that digital transformation can promote the supply of trade credit in China. The results are robust to different measures of trade credit provision and endogeneity. The impact of digital transformation on trade credit provision is more pronounced among firms in regions with lower marketization and worse information environment. This study investigates this potential channel and finds that digital transformation increases trade credit provision by improving firms' financing availability. Overall, the results are consistent with the financial theory of trade credit.

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数字化转型对提供贸易信贷重要吗？来自中国的证据

本研究表明，数字化转型能够促进中国的贸易信贷供应。研究结果对不同的贸易信贷供给衡量标准和内生性具有稳健性。在市场化程度较低、信息环境较差的地区，数字化转型对贸易信贷供给的影响更为明显。本研究对这一潜在渠道进行了调查，发现数字化转型通过提高企业的融资可得性增加了贸易信贷供应。总体而言，研究结果符合贸易信贷的金融理论。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Pacific-Basin Finance Journal BUSINESS, FINANCE-

CiteScore

6.80

自引率

6.50%

发文量

157

期刊介绍： The Pacific-Basin Finance Journal is aimed at providing a specialized forum for the publication of academic research on capital markets of the Asia-Pacific countries. Primary emphasis will be placed on the highest quality empirical and theoretical research in the following areas: • Market Micro-structure; • Investment and Portfolio Management; • Theories of Market Equilibrium; • Valuation of Financial and Real Assets; • Behavior of Asset Prices in Financial Sectors; • Normative Theory of Financial Management; • Capital Markets of Development; • Market Mechanisms.