Open AccessImpact of Digital Finance on Corporate Efficient: Evidence from Empirical Research in China
Author(s) -
Haipei Qi
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v15i.219
Subject(s) - financialization , investment (military) , china , corporate finance , finance , business , index (typography) , empirical research , empirical evidence , economics , political science , politics , philosophy , epistemology , world wide web , computer science , law
Based on the annual corporate data of Shanghai and Shenzhen A-shares from 2011 to 2018 and the Digital Financial Inclusion Index of Peking University, this paper empirically examines the impact of China's digital finance development on the investment efficiency of enterprises. The research finds that: the development of digital finance reduces the investment efficiency of enterprises. This may be due to the development of digital finance leading to the financialization of enterprises. This paper puts forward how to guide digital finance in a good direction to influence the investment efficiency of enterprises.