Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 73 , 05 March 2024


Open Access | Article

Digital Financial Inclusion and Enterprise Technological Innovation

Ting Yang * 1
1 Zhuhai College of Jilin University, Caotang, Jinwan District, Zhuhai City, Guangdong Province, P.R.Chinaof Science and Technology, Caotang, Jinwan District, Zhuhai City, Guangdong Province, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 73, 113-119
Published 05 March 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Ting Yang. Digital Financial Inclusion and Enterprise Technological Innovation. AEMPS (2024) Vol. 73: 113-119. DOI: 10.54254/2754-1169/73/20231506.

Abstract

This study investigates how SMEs' creative activities are impacted by digital financial inclusion. Small and medium-sized businesses face severe funding constraints, and scientific and technical innovation struggles to advance quickly due to information asymmetry, regional development imbalance, and other issues. The dominating element of the current growth of inclusive finance, digital inclusive finance, may address these concerns through theoretical and empirical research. Despite the fact that digital inclusive finance is still in its infancy and that there are issues with the law, risk management, trust, and other areas, accelerating the development of digital inclusive finance, easing the financial restrictions on SMEs, and enhancing the drive for scientific and technological innovation can all help to promote the innovative development of SMEs. Based on the influence of SMEs' technology innovation from the perspective of digital inclusive finance, this paper analyzes the influence of technology innovation by using the multiple linear regression model of time series. Empirical analysis shows that the digitalization of digital inclusive finance has a significant positive impact on small and medium-sized enterprises' scientific and technological innovation, significantly the higher the digital support and coverage breadth index, the more pronounced the incentive of scientific and technological innovation. Considering the impact of regional differences, the paper puts forward relevant policy suggestions, including improving laws and supervision, establishing a mature credit investigation system, and strengthening risk management and the digital divide. Through these measures, digital inclusive finance can better support the financing and development of SMEs and promote scientific and technological innovation and the development of the national economy.

Keywords

Digital inclusive finance, SME financing supply chain finance, innovation driven

References

1. Xianpu Xu, Yuxi Yang. "RETRACTED: Can Digital Financial Inclusion Help Reduce Urban Crime? Evidence from Chinese Criminal Judgment on Theft Cases", Systems, 2023

2. Chien-Chiang Lee, Manting Tang, Chi-Chuan Lee. "Reaping digital dividends: Digital inclusive finance and high-quality development of enterprises in China",Telecommunications Policy, 2022

3. Bei Duoguang,Mo Xiugen.China Financial Inclusion Development Report (2019)[M].Beijing:China Finance Press,2019.10

4. Yang Liu, Lin Luan, Weilong Wu, Zhiqiang Zhang, Yen Hsu. "Can digital financial inclusion promote China's economic growth?", International Review of Financial Analysis, 2021

5. Yuting Shi, Qiuwang Cheng, Yizhen Wu,Qiaohua Lin, Anxin Xu, Qiujin Zheng."Promoting or Inhibiting? Digital Inclusive Finance and Cultural Consumption of Rural Residents", Sustainability, 2023

6. GUO Feng, WANG Jingyi, WANG Fang, KONG Tao, ZHANG Xun, CHENG Zhiyun, “Measuring China’s Digital Financial Inclusion: Index Compilation and Spatial Characteristics”, China Economic Quarterly, 2020,19(4),1401-1418.

7. Zitian Fu, Yujiao Zhou, Weifeng Li, Kaiyang Zhong. "Impact of digital finance on energy efficiency: empirical findings from China",Environmental Science and Pollution Research, 2022

8. Wenqi Li, Wenbin Pang. "Digital inclusive finance, financial mismatch and the innovation capacity of small and medium sized enterprises: Evidence from Chinese listed companies", Heliyon, 2023

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-319-7
ISBN (Online)
978-1-83558-320-3
Published Date
05 March 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/73/20231506
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated