The Impact of Digital Inclusive Finance on Enterprise Financing in Fujian Province

Abstract

Under the new economic normal, the internal and external environment of enterprises is complex and they are facing financing constraints. Digital Inclusive Finance is increasingly important for enterprise financing. Therefore, through the research of the impact of digital inclusive finance on Fujian enterprises that have outstanding performance in financing, can provide more related suggestions for enterprise when financing. Based on the empirical analysis of 891 observation from 2012 to 2020, this study focuses on enterprises in Fujian Province and apply fixed effect model to investigate the impact of digital Inclusive Finance on enterprise financing constraints. The results show that the development of digital inclusive finance can significantly improve the financing availability of enterprises and alleviate the financing constraints. In addition, the promotion effect of the development of digital inclusive finance on small and medium-sized enterprises is more obvious.