Does digital finance increase household risk-taking? Evidence from China

Hu, Debao; Guo, Fang; Shang, Jianing; Zhang, Xinyue

doi:10.1016/j.iref.2024.03.073

Cited by 2 publications

(2 citation statements)

References 26 publications

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“…Model ( 4) is consistent with model (1), showing that the influence coefficient of digital inclusive finance on economic resilience is 0.025, which is significantly positive and passes the significance test of 0.01. Model (5) demonstrates that the impact coefficient of digital inclusive finance on the vitality of entrepreneurial employment is 0.039, which is significantly positive, and also passes the significance test of 0.01. Model (6) illustrates that the regression coefficients of digital inclusive finance and the vitality of entrepreneurial employment to economic resilience are 0.022 and 0.080, respectively, both passing the significance test of 0.01.…”

Section: Mechanism Testingmentioning

confidence: 72%

“…Finance is one of the cores of a modern economy. With the gradual transformation and upgrading of the economy, the development of the financial system is becoming ever more important to China's real economy [5]. As the world enters the digital era, the model of "internet + finance" has gradually swept the world, and the financial model has ushered in changes.…”

Section: Introductionmentioning

confidence: 99%

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Does Digital Inclusive Finance Help County Level Governance in the Five Provinces of Northwest China, from the Perspective of Economic Resilience?

Gong,

Zhao

2024

Sustainability

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The sustainable development of a country requires stable funds to reshape and restore its economy, something which cannot be separated from the support of financial services. Digital financial inclusion, with its inclusive and extensive features, has provided a new impetus for economic development and governance. Based on the panel data of 193 counties in 5 provinces of northwest China from 2014 to 2021, this paper uses a bi-directional fixed effect model, an intermediary effect model and a threshold effect model in order to test digital inclusive finance and county-level economic resilience, and to explore the internal correlation details. The results show that digital inclusive finance will significantly enhance the economic resilience of the five northwestern provinces by improving capital allocation efficiency, enhancing entrepreneurship and employment vitality, and reducing pollution emissions. In addition, there is a double threshold effect between capital allocation efficiency and employment vitality, in which the threshold effect of capital allocation efficiency presents a progressively increasing state, and in which the threshold effect of entrepreneurship and employment vitality presents a state of fluctuating increase. Therefore, China needs to further improve the digital inclusive financial environment in its northwest; continue and deepen the significant functions of digital inclusive finance in resource allocation efficiency, entrepreneurship and employment vitality, and environmental protection; and provide guidance for solving regional imbalances and promoting national sustainable development.

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Section: Mechanism Testingmentioning

confidence: 72%

Section: Introductionmentioning

confidence: 99%