Digital Finance and Corporate Value: An Empirical Evidence from China
DOI:
https://doi.org/10.54691/bcpbm.v15i.222Keywords:
Digital Finance; Corporate Value; Empirical Research.Abstract
Based on the Peking University Digital Financial Inclusive Index and SME data, this paper examines the relationship between digital financial development and corporate value. we found that the development of digital finance has a significant positive impact on corporate value. The heterogeneity analysis found that the development of digital finance has a greater impact on enterprises below the designated size, which reflects the inclusive nature of digital finance. This paper shows that digital finance is an important supplement to traditional financial services.
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