Earticle

초록

영어

The digital economy is a new driving force for China's high-quality economic development. Fully releasing the digital economy dividend to promote the innovation and development of the real economy is an important channel to realize the high-quality development of China's economy. This paper empirically analyzes the impact of digital economy development on enterprise equity financing and equity financing and its intrinsic mechanism of action based on the use of principal component analysis to construct an indicator system for the level of digital economy development at the provincial level in China, using sample data of A-share listed companies from 2013 to 2021. The research results show that: firstly, digital economy development can significantly enhance the equity financing and debt financing ability of enterprises, and the promotion effect on debt financing is more significant. Secondly, in terms of the influence mechanism, digital economy development can enhance corporate financing by improving the level of corporate innovation, which in turn affects the comprehensive strength and internal resources of enterprises. In the context of the rapid development of the digital economy, the combination of the digital economy and the real economy should be actively promoted, the innovation dividend of the digital economy should be fully released, and the role of the digital economy in promoting the level of corporate financing should be brought into play to promote high-quality economic development.

목차

Abstract
I. Introduction
II. Theoretical Analysis and Research Hypothesis
1. The Digital Economy and Enterprise Financing Behavior
2. Digital Economy and Enterprise Innovation
3. Analysis of the Intermediary Mechanisms of Corporate Innovation
III. Research Design
1. Sample Selection and Data Sources
2. Selection of Variables
3. Model Construction
IV. Empirical Analysis
1. Descriptive Statistics
2. Correlation Analysis
3. Analysis of Regression Results
4. Robustness Tests
V. Research Findings
Reference

키워드

저자

• Li, Na [ Ph. D. Candidate, Department of Global Business, Graduate School, Kyonggi University ] 1st author
• Liu, Ziyang [ Professor, Department of Global Business, Graduate School, Kyonggi University ] corresponding author
• Zhang, Xi [ Ph. D. Candidate, Department of Global Business, Graduate School, Kyonggi University ] co-author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  콘텐츠와산업 [Journal of Contents and Industry]

• 간기

  격월간

• pISSN

  2765-317X

• 수록기간

  2019~2026

• 등재여부

  KCI 등재

• 십진분류

  KDC 600 DDC 700