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International Journal of Global Economics and Management
Article . 2024 . Peer-reviewed
License: CC BY NC
Data sources: Crossref
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Digital Inclusive Finance, Financing Constraints and Agricultural Enterprise Value

Authors: Ning Lin; Tao Li;

Digital Inclusive Finance, Financing Constraints and Agricultural Enterprise Value

Abstract

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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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
hybrid