Commercial credit supply in the digital economy era: Impact mechanisms and differences in property rights

Abstract

Utilizing panel data from China's A-share listed companies spanning from 2017 to 2022, this paper explores the dynamics of commercial credit supply in the digital economy era. The research outcomes reveal that the advancement of the digital economy has a notable stimulatory effect on the provision of commercial credit. Concurrently, the business environment acts as a partial mediator in this process, exerting a favorable influence on commercial credit supply. Additionally, internal control also functions as a partial mediator in the digital economy's enhancement of commercial credit provision. It is worth mentioning that the development of the digital economy demonstrates a significant stimulatory effect on the commercial credit provision of enterprises regardless of their property rights, albeit with varying degrees of influence contingent upon the nature of corporate ownership.