skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Digital financial development and inefficient investment: a study based on the dual perspectives of resource and governance effects

Humanities & social sciences communications, 2024-12, Vol.11 (1), p.104-10, Article 104 [Peer Reviewed Journal]

The Author(s) 2024. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2662-9992 ;EISSN: 2662-9992 ;DOI: 10.1057/s41599-023-02411-5

Full text available

Citations Cited by
  • Title:
    Digital financial development and inefficient investment: a study based on the dual perspectives of resource and governance effects
  • Author: Xue, Liuyang ; Dong, Junan ; Jiang, Shiyao
  • Subjects: Asymmetry ; Capital markets ; Costs ; Digital technology ; Efficiency ; Financial services ; Net present value ; Regulatory agencies ; Stockholders
  • Is Part Of: Humanities & social sciences communications, 2024-12, Vol.11 (1), p.104-10, Article 104
  • Description: Abstract As one of the most crucial domains within the digital economy, digital finance has garnered significant attention due to its impact on firms. This study empirically examines the influence of digital finance on inefficient investment, using a sample of Chinese non-financial firms from 2011 to 2019. Results show that digital finance effectively mitigates firm inefficient investment, with a more pronounced effect observed in non-state firms and those operating in regions with higher levels of institutional development. Mechanism analysis demonstrates that digital finance mitigates inefficient investment through resource and governance effects. Further analysis shows that the breadth of coverage, use depth, and digital support services of digital finance all contribute to reducing inefficient investment. Moreover, digital finance enhances the willingness and ability of firms to invest and improves their overall investment levels. These results provide evidence for the positive impact of digital finance in mitigating inefficient investment.
  • Publisher: London: Palgrave Macmillan
  • Language: English
  • Identifier: ISSN: 2662-9992
    EISSN: 2662-9992
    DOI: 10.1057/s41599-023-02411-5
  • Source: Directory of Open Access Journals
    ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait