Digital inclusive finance and corporate debt financing: Empirical evidence from China

doi:10.1016/j.eap.2025.03.055

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	Digital inclusive finance and corporate debt financing: Empirical evidence from China
	Cai, Yongbin1 ; Tan, Xinyu 2; Fang, Wenbin1 ; Nahar, Shamsun 3; Wang, Feiyang 4
	2025-06
在线发表日期	2025-04
发表期刊	ECONOMIC ANALYSIS AND POLICY
卷号	86 页码:494-509
摘要	Against rapid digital transformation in the financial sector, this study investigates whether digital inclusive finance (DIF) development can enhance corporate debt financing. Employing a multiple linear regression model, we find that regional DIF development significantly increases the scale of corporate debt financing, primarily by reducing financing costs. These results highlight the foundational role of DIF in improving enterprises' financial accessibility. The study contributes by providing new insights into corporate debt financing and offering empirical evidence for policymakers to prioritize DIF development to promote financial inclusion and support economic growth.
关键词	Digital inclusive finance Corporate debt financing Debt financing costs
DOI	10.1016/j.eap.2025.03.055
收录类别	SSCI
ISSN	0313-5926
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:001462318100001
出版者	ELSEVIER
原始文献类型	Article
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/39146
专题	会计学院
通讯作者	Tan, Xinyu
作者单位	1.LanZhou Univ Finance & Econ, Sch Accounting, Lanzhou, Gansu, Peoples R China; 2.Zhongnan Univ Econ & Law, Sch Accounting, Wuhan, Hubei, Peoples R China; 3.Jagannath Univ, Dept Accounting & Informat Syst, Dhaka, Bangladesh; 4.Wuhan Univ, Sch Accounting, Wuhan, Hubei, Peoples R China
第一作者单位	兰州财经大学
推荐引用方式 GB/T 7714	Cai, Yongbin,Tan, Xinyu,Fang, Wenbin,et al. Digital inclusive finance and corporate debt financing: Empirical evidence from China[J]. ECONOMIC ANALYSIS AND POLICY,2025,86:494-509.
APA	Cai, Yongbin,Tan, Xinyu,Fang, Wenbin,Nahar, Shamsun,&Wang, Feiyang.(2025).Digital inclusive finance and corporate debt financing: Empirical evidence from China.ECONOMIC ANALYSIS AND POLICY,86,494-509.
MLA	Cai, Yongbin,et al."Digital inclusive finance and corporate debt financing: Empirical evidence from China".ECONOMIC ANALYSIS AND POLICY 86(2025):494-509.