The Development of Digital Finance and Financing Constraints of Small and Medium-sized Enterprises
DOI:
https://doi.org/10.54691/bcpbm.v15i.212Keywords:
Digital Finance; Financing Constraint; Small and Medium-sized Enterprises.Abstract
As a part of the national economy, Small and Medium-sized enterprises play a role in promoting a country's economy, but most studies show that financing constraints hinder the innovation and development of small and Medium-sized enterprises. This paper analyzed the effect of descriptive statistics, robustness test, and heterogeneity analysis to explore the impact of digital financial development on small and Medium-sized enterprises' financing constraints. Research shows that with the increase of the digital finance index, financing constraint tends to decrease. Therefore, the development of digital finance plays a positive role in the financing constraints of small and Medium-sized enterprises.
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