Research on the Impact of Digital Inclusive Finance on Financing Constraints for Small and Medium Sized Enterprises
DOI:
https://doi.org/10.6981/FEM.202409_5(9).0004Keywords:
Digital Inclusive Finance; Small and Medium-sized Enterprises; Financing Constraints.Abstract
The continuous promotion of digital industrialization and industrial digital transformation has led to the unstoppable development of the digital economy, which has given rise to digital inclusive finance. This concept was first announced at the 2016 G20 Summit. It is a perfect combination of inclusive finance, technology, and data, with both inclusiveness and technicality. It can reduce information asymmetry, alleviate financial exclusion, and effectively balance credit allocation. However, at present, the development of digital inclusive finance in China is relatively slow, with uneven regional development, single financing channels for small and medium-sized enterprises, high financing difficulties, weak trends and corporate awareness, and increased difficulty in digital inclusive finance for small and medium-sized enterprises. Banks are facing more difficulties in developing digital inclusive finance. Therefore, this article proposes some measures to solve the difficulties faced by small and medium-sized enterprises in financing through digital inclusive finance, including improving the debt recovery system, reducing loan costs, innovating inclusive financial services, and promoting the digital transformation of small and medium-sized enterprises.
Downloads
References
[1] Zhu Ning, Wu Baoyi, Yu Zhiqian. Research on the Impact of Digital Inclusive Finance on the Financing Efficiency of Small and Medium sized Enterprises in China: Empirical Analysis Based on Network DEA [J]. Innovation, 2023, 17 (05): 60-72.
[2] Xing Yafei, Wang Qiuxuan Research on the Impact of Digital Inclusive Finance on Corporate Financing Constraints: A Case Study of Small and Medium sized Board Listed Companies [J]. Journal of Shandong University of Finance and Economics, 2023, 35 (04): 24-36.
[3] Zhang Yuzhou Analysis of the impact of digital inclusive finance on financing for technology-based small and medium-sized enterprises [J]. Chinese Market, 2023, (11): 46-49.
[4] Chen Wenzhuo, Xia Ruiliang. Research on the alleviating effect of digital inclusive finance on financing constraints for technology-based small and medium-sized enterprises [J]. Modern Finance, 2023, (04): 42-48+57.
[5] Peng Yaqian, Diao Jiewen. Study on the Impact of Digital Inclusive Finance on the Financing Efficiency of Technology based Small and Medium sized Enterprises in the Beijing Tianjin Hebei Region [J]. China Price Index, 2022, (12): 61-64.
Downloads
- Views: 2 | Downloads: 2 PDF
Published
Issue
Section
License
Copyright (c) 2024 Frontiers in Economics and Management
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.