Can digital finance boost SME innovation by easing financing constraints?: Evidence from Chinese GEM-listed companies

Yao, Lianying; Yang, Xiaoli

doi:10.1371/journal.pone.0264647

Cited by 74 publications

(51 citation statements)

References 62 publications

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“…With important suppliers and customers, SBP are measured in terms of four activities: strategic planning, employing various information or communication technologies, attaining operational-level integration, and forming strong partnerships (Younis and Elbanna 2021;Miocevic 2022). Results are categorized under the following outcomes: green innovation, green HRM, green marketing, green supplychain, COVID-19, and green information rechnology (Yao and Yang 2022). When evaluating the value of SBP to small-and medium-sized businesses, we look at few key performance indicators: green marketing, green innovation, green HRM, green design and green recycling and green remanufacturing.…”

Section: Sample and Data Collectionmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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Small-and medium-sized enterprises (SMEs) in China have been hit hard by the coronavirus (COVID-19) outbreak, which has jeopardized their going out of business altogether. As a result, this research will shed light on the long-term impacts of COVID-19 lockdown on small businesses worldwide. The information was gathered through a survey questionnaire that 313 people completed. Analyzing the model was accomplished through the use of SEM in this investigation. Management and staff at SMEs worldwide provided the study's data sources. Research shows that COVID-19 has a significantly bad influence on profitability, operational, economic, and access to finance. In the study's findings, outside funding aids have played an important role in SMEs' skill to persist and succeed through technological novelty than in their real output. SME businesses, administrations, and policymakers need to understand the implications of this study's results.

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Section: Sample and Data Collectionmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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“…The findings of this study showed that inclusion of digital finance in the process of FI significantly positively impacted the SMEs' financial and non-financial performances. Moreover, digital financing is a financial intermediation to the association of FI and SME performances through innovations [82]. Using digital financing would facilitate easier transactions and a smooth cash flow.…”

Section: Resultsmentioning

confidence: 99%

Do Digital Finance and the Technology Acceptance Model Strengthen Financial Inclusion and SME Performance?

Thathsarani

Jian-guo

2022

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Digital inclusive finance, as a vital engine for the country’s high-quality growth, provides new impetus and prospects for encouraging economic development during the looming economic downturn. SMEs play a significant role in economic growth and development, particularly in developing countries. However, value promoting financial inclusion for SMEs through digitalization is still understudied. The objectives aimed at by this investigation were: to study the impact of financial inclusion on SME performances, to observe the influence of digital financing on financial inclusion and SME performance association as a mediator and to examine how the Technology Acceptance Model (TAM) supports financial inclusion and SME performance. A well-structured questionnaire using a quantitative research approach was utilized to gather data from 366 owner-managers among Sri Lankan SMEs. The study’s findings are presented: financial inclusion, digital financing and TAM play influential roles in SME performance. More precisely, digital financing and TAM mediate positively the relationship between financial inclusion and performance in SMEs. The findings of this research endeavor to shed light on developing and popularizing digital financing by providing services which are cheap, secure and low risk from a supply-side perspective, as well as adopting and adjusting digital financing by enhancing financial literacy, which would be necessary from the demand-side perspective.

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“…At the macro level, some scholars argue that digital finance improves the ecological environment, improves carbon efficiency, and reduces pollution emissions while promoting economic development (Wan et al, 2022;Zhang and Liu, 2022). Feng et al (2022) Yao and Yang (2022) based on data from Chinese listed enterprises, confirmed that the development of digital finance promotes green technology innovation in listed enterprises and shows a non-linear characteristic of increasing marginal effect. Tang et al (2022), using new energy-listed enterprises as the study object, also reached similar conclusions and pointed out that this boosting effect was achieved by alleviating green financing constraints.…”

Section: Literature Reviewmentioning

confidence: 97%

The nexus between digital finance and carbon emissions: Evidence from China

Cai

Song

2022

Front. Psychol.

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Finance is significant support for the low-carbon transformation of the real economy, in which digital finance as a new direction of financial development exerts a significant influence on carbon emissions. Therefore, it is crucial to investigate the association between digital finance and carbon emissions in order to develop carbon reduction strategies from the financial side. For this purpose, using the sample set covering 30 provincial areas during 2011–2020, this paper investigates the direct, indirect, and non-linear effects of digital finance on carbon emissions by applying fixed effects, mediating effects, and threshold effects analysis techniques. The results indicate that: (1) digital finance can significantly mitigate carbon emissions at the national level. (2) Digital finance inhibits carbon emissions as it drives green technological innovation and industrial structure upgrading. (3) Significant regional heterogeneity is observed in the effect of digital finance on carbon emissions, i.e., the effects of digital finance on carbon emissions are higher in the east-central region than in the overall sample, while the opposite is true in the western region. (4) The dampening effect on carbon emissions steadily increases as digital finance levels cross the first and second thresholds, respectively. Based on the above considerations, policymakers shall not only develop differentiated digital finance initiatives, but shall also fully unleash carbon emission reduction potential by rationalizing and optimizing industrial layout and strengthening financial subsidies for green technology innovation.

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Can digital finance boost SME innovation by easing financing constraints?: Evidence from Chinese GEM-listed companies

Cited by 74 publications

References 62 publications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Do Digital Finance and the Technology Acceptance Model Strengthen Financial Inclusion and SME Performance?

The nexus between digital finance and carbon emissions: Evidence from China

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