Open AccessDigital Finance and Corporate Value: An Empirical Evidence from China
Author(s) -
B Yuan,
Kangyu Zhao,
Xuekun Shen
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v15i.222
Subject(s) - corporate finance , china , business , value (mathematics) , financial services , index (typography) , finance , accounting , economics , political science , computer science , machine learning , world wide web , law
Based on the Peking University Digital Financial Inclusive Index and SME data, this paper examines the relationship between digital financial development and corporate value. we found that the development of digital finance has a significant positive impact on corporate value. The heterogeneity analysis found that the development of digital finance has a greater impact on enterprises below the designated size, which reflects the inclusive nature of digital finance. This paper shows that digital finance is an important supplement to traditional financial services.