
The emergence of digital inclusive finance has breathed new life into the agricultural enterprises' growth. Utilizing A-share agricultural companies listed on Shanghai and Shenzhen Stock Exchanges between 2011 and 2020 as our research focus, this study empirically explores the impact of digital inclusive finance on agricultural enterprise value, as well as the intervening role of financing constraints. Our findings reveal that digital inclusive finance significantly boosts the value of agricultural enterprises. This conclusion remains robust even after addressing potential endogeneity issues and conducting instrumental variable method-based robustness tests. Additionally, financing constraints serve as a mediator between digital inclusive finance and agricultural enterprise value. Consequently, agricultural enterprises should capitalize on the opportunities presented by digital inclusive finance, alleviate financing constraints, fulfill their capital requirements for production, operations, and innovation, thereby fostering enterprise growth and enhancing their overall value.
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