Digital M&A, known as digital merger and acquisition, is a vital tool for companies to achieve digital transformation and play an essential role in sustainable development. Corporate digital M&A is inseparable from financial support. Therefor...
The rapid development of digital finance in China has subtly influenced many aspects of social and economic development. However, agricultural enterprises can hardly enjoy the same digital dividend as traditional enterprises because of special attrib...
Enhancing economic resilience is crucial to sustainable development. However, issues such as resource misallocation and financing difficulties have severely impacted supply chain stability and security. The rise of digital finance presents potential...
Social trust is a fundamental element in the evolution of digital finance, significantly influencing its development. This study presents an innovative exploration of the role and internal mechanisms of social trust in digital finance, utilizing usin...
Digital finance can reduce the urban–rural income gap, but the digital divide may limit this effect. This study develops a theoretical framework to explore the interactions between digital finance, the digital usage gap, and income disparity. U...
This study investigates the impact of digital finance on corporate ESG performance, using panel data from A-share listed companies on the Shanghai and Shenzhen stock markets between 2011 and 2022. Our findings demonstrate that digital finance signifi...
Our paper takes the sample of listed companies from Shanghai and Shenzhen A-share SMEs and then theoretically analyzes and empirically tests the impact of digital inclusive finance on the financial performance of SMEs. The results show that financial...
The report of the 20th National Congress pointed out that high-quality development is the primary task of building a modern socialist country in an overall sense. Based on the background of high-quality economic development in the new era, this docum...
This study analyzes data from companies listed on the Small and Medium Enterprise Board and the Growth Enterprise Market between 2011 and 2021 to assess the impact of digital inclusive finance on SME innovation. It also explores how this effect varie...
Whether and how digital finance can promote corporate environmental, social, and governance (ESG) development has become an important issue. Based on panel data from listed companies in the Shanghai and Shenzhen stock markets from 2011 to 2017, this...
Digital Inclusive Finance (DIF) is a novel approach that employs digital technology to foster the development of inclusive finance, which can effectively alleviate the financing constraints of enterprises. This paper empirically tests the relationshi...
Digitalization has been remodeling the pattern of economic development. Digital finance, the important manifestation of digitalization in this financial field, has profound effect on reducing inequalities (Sustainable Development Goal 10). With data...
Promoting green innovation is an important way to implement the dual carbon strategy and build an innovative country. Based on the panel data of 250 cities in China from 2011 to 2018, this paper constructs a two-way fixed-effect model, an intermediar...
In the context of the digital economy and based on the characteristics of digital financial development in China, this paper investigates the effect of digital finance on economic growth and explores its influencing mechanism. A panel econometric mod...
Digital finance offers opportunities for inclusive growth in rural areas. This study aims to clarify how digital financiers affect farmland transfer-out. Using the data from the China Household Finance Survey in 2015, this paper establishes Probit an...
Under the new trend of digitalization leading the era, the popularity and development of digital finance have become key components in promoting better corporate practices and investment activities such as social responsibility fulfillment. Against t...
Based on the background of the digital transformation of commercial banks, the advantages and benefits of this study are to study the promotion effect of digital finance on the production efficiency of commercial banks from four aspects: technologica...
With the increasing global emphasis on sustainable development goals, and in the context of pursuing high-quality sustainable development of the economy and enterprises, this study empirically examines the effect of digital finance on corporate finan...
The degree of the effect of digital inclusive finance on the construction of China’s digital villages and the mechanism of action is investigated in this study by matching the digital inclusive finance index in accordance with a data sample of...
Agricultural green development plays a crucial role in addressing the conflict between agricultural production and ecological environmental protection. This study aims to analyze the impact and mechanisms through which digital inclusive finance influ...
14 July 2025
Digital finance, a financial innovation paradigm driven by the synergy of digital technology and data elements, has significant advantages in enhancing the convenience, accessibility, and security of cross-border transactions. This study empirically...
The existing literature finds that finance has a significant impact on carbon emissions, but there is a lack of theoretical explanation on whether and how digital finance, an important new financial form, affects carbon emissions. This paper uses bal...
16 December 2022
As the emergence of digital finance is relatively short, research results on digital finance mainly focus on products, services, coverage, policies, etc. The mechanism and role of digital finance in influencing green development are still lacking att...
Digital inclusive finance is an important policy for promoting rural industrial development in China. Can digital inclusive finance effectively contribute to the development of rural industries? What is its driving mechanism? Clarifying these questio...
As a new product that combines finance and digital technology, digital finance is of great significance to the governance of the ecological environment. Based on the panel data of 2128 counties in China from 2014 to 2020, the fixed effect model and a...
Based on the panel data of 31 provinces in China from 2011 to 2020, this paper analyzes the development status and distribution characteristics of digital finance, and studies the impact of digital finance on the growth of the real economy. First, wh...
Digital technology has energized the development of inclusive finance in China and is beneficial in lowering the threshold and transaction costs of financial services and expanding financial coverage. However, it is a key issue whether digital inclus...
The existing research covers digital finance’s carbon reduction impacts in industrial and urban settings, however, leaving a gap in understanding its effects in agriculture. This study addresses this gap by examining the relationship and mechan...
This paper investigates the role of the digital economy in reducing carbon emissions, with a particular focus on the moderating and threshold effects of green finance. An analysis of data from 30 Chinese provinces shows that the digital economy signi...
Green innovation is an effective driving force for high-quality development in the new era. As a new financial service model, digital inclusive finance provides a new way to solve the financing dilemma of green innovation. In order to investigate the...
Eliminating hunger and ensuring food security is one of the specific goals of sustainable development of the United Nations in 2030, and food production is of great significance to food availability. Based on this, this paper investigates the impact...
Decreasing carbon emission intensity (CEI) has emerged as a crucial strategy for nations to attain low-carbon economic growth. Nevertheless, a definitive conclusion about the correlation between financial development and CEI has not been reached. Thi...
In the context of the digital economy, digital finance has emerged as a new driving force for the sustainable and high-quality development of the sports industry. The sports industry promotes economic growth, social well-being, and environmental sust...
A high level of industry chain resilience is essential for China’s economy to operate safely, soundly, and robustly. It also serves as the foundation for the nation’s capacity for growth, competitiveness, sustainable development capacity,...
Using Chinese A-share listed firms from 2011 to 2023, this study develops and tests a dual-engine framework in which digital transformation and green technological innovation constitute two core transmission channels through which digital finance imp...
Deepening the development of digital inclusive finance, dredging the impact of digital inclusive finance on the innovation path of small and medium-sized enterprises (SMEs), and strengthening financial supervision and government support are of great...
With the rapid development of digital technology in China, Digital Inclusive Finance, which uses digital financial services to promote financial inclusion, is developing rapidly. This paper uses the Peking University Digital Financial Inclusion index...
The development of digital finance represents a new paradigm for the delivery of financial services that has exerted an external shock on the off-balance sheet (OBS) activities of traditional commercial banks. In response, commercial banks have embar...
The boundaries of traditional financial services have been expanded by digital finance, which has boosted their effectiveness and quality while encouraging energy-efficient production and lifestyles, and also influencing energy efficiency. This conne...
In the context of digital finance and based on the characteristics of the high-quality development of SMEs in China, this paper investigates the influence of digital finance on the high-quality development of SMEs and explores their mechanism of infl...
Mitigating haze pollution is of practical significance to the green economy, and the development of digital finance may help achieve this goal. However, the effect of digital finance on haze pollution has not been systematically explained. Based on C...
Agricultural green development cannot be achieved without effective financial support. Based on panel data from 30 provinces in China from 2014 to 2023, this paper uses a coupling coordination model to measure and analyse the degree of coordination b...
In recent years, the issue of population aging has been a challenge for China’s economic and social development. Due to factors such as the imperfect pension security system, the financial vulnerability of families has been greatly impacted by...
This study examines the interaction effects of green finance and digital platforms on China’s economic growth, employing panel data from 30 provinces spanning the period 2013–2023. Green finance is measured using green bonds and green cre...
Digital finance, representing the deep integration of finance and technology, has become a critical enabler of sustainable industrial transformation. Focusing on resource-based enterprises (RBEs)—key actors in transitioning towards sustainable...
1 November 2022
This paper uses Chinese provincial panel data from 2011 to 2019, measures CO2 emissions of provinces in China using the IPCC method, and explores the impact of digital finance on CO2 emissions through the SAR model and SDM. Empirical study shows that...
This paper examines the impact of digital inclusive finance development on labor productivity and its transmission channels using panel data from 30 provinces in China during 2011–2020. According to empirical findings, the growth of digital inc...
The deep integration of digital finance and foreign trade can drive the steady and rapid development of a high-quality economy. This article conducts an empirical analysis of the mechanisms and impact effects of digital finance on high-quality develo...
The rapid development of digital finance has effectively reduced financial challenges in rural regions and created new prospects for agricultural production. This article examines the impact of digital financial development on rice production in Sich...
Improving the cultural consumption level of rural residents is of great practical significance to help revitalize rural culture and achieve common prosperity. Based on this, this study empirically examines the role and impact mechanism of digital inc...
of 16