Digital Financial Development and Financial Risks of Real Estate Enterprises Based on the Perspective of Financing Constraints

Abstract

This paper focuses on 2011-2022 A-share real estate listed enterprises and digital financial data as objects, and empirically studies the relationship between the development of digital finance and the financial risks of real estate enterprises. Studies show: (1) the reasonable application of digital finance can effectively suppress the financial risks of real estate enterprises; (2) digital finance reduces the financial risks of real estate enterprises by easing the financing constraints. Based on this, the paper proposes policy suggestions for improving the use of digital finance and the digital financial supervision system.