数字普惠金融对中小企业成长性的影响研究

Research on the impact of digital financial inclusion on the growth of small and medium-sized enterprises

文章以2011—2021年深市A股中小板上市公司为研究对象,从微观层面对数字普惠金融与中小企业成长性的内在联系进行实证分析。实证结果表明:数字普惠金融可以显著促进中小企业成长性提升,即对中小企业成长性产生正向作用;在此基础上进行机制检验发现,数字普惠金融可以通过缓解中小企业融资约束这一影响路径进而对中小企业成长性的提升产生促进作用。

This paper takes the listed companies on the A-share small and medium-sized board of Shenzhen Stock Exchange from 2011 to 2021 as the research object,and empirically analyzes the intrinsic relationship between digital inclusive finance and the growth of small and medium-sized enterprises(SMEs)from the micro level.The empirical results show that digital financial inclusion can significantly promote the growth of SMEs,that is,it has a positive effect on the growth of SMEs.On this basis,the mechanism test shows that digital inclusive finance can promote the growth of SMEs by alleviating the influence path of SME financing constraints.