Agricultural transformation in the digital age: Digital inclusive finance and the development of new agricultural business entities

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-02-01 DOI:10.1016/j.frl.2024.106614

Fangfang Su , Sumin Tao , Ruiyao Ying

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Abstract

Capital and land are two critical production factors for the development of new agricultural business entities. However, existing research has paid relatively little attention to the impact of capital on the development of these entities. This paper integrates survey data from the Chinese Thousand Villages Survey (CTVS) with the Digital Financial Inclusion Index to examine the effects of digital financial inclusion on the development of new agricultural business entities. The study finds that the improvement in digital financial inclusion significantly promotes the development of new agricultural business entities, and digital inclusive finance has a significantly positive effect on family farms, while it does not exert a significant influence on the development of specialized large households or farmers' cooperatives. The mechanism analysis reveals that digital financial inclusion alleviates farmers' credit constraints and increases the availability of both formal and informal financial services, thus fostering the development of new agricultural business entities.

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数字时代的农业转型：数字普惠金融与新型农业经营主体的发展

资本和土地是农业新型经营主体发展的两个关键生产要素。然而，现有的研究较少关注资本对这些实体发展的影响。本文将中国千村调查（CTVS）的调查数据与数字普惠金融指数相结合，考察数字普惠金融对新型农业经营主体发展的影响。研究发现，数字普惠金融水平的提高显著促进了新型农业经营主体的发展，数字普惠金融对家庭农场有显著的正向影响，而对专业化大户和农民合作社的发展没有显著影响。机制分析表明，数字普惠金融缓解了农民的信贷约束，增加了正规和非正规金融服务的可获得性，从而促进了新型农业经营主体的发展。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance