Chang Xie
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Research Interests
Chang Xie has a total of 1 co-authors. Here are the top co-authors by number of shared publications:
- Chuanzhe Liu
School of Management and Economy, China University of Mining and Technology, Xuzhou 221116, China
1 shared publication
Latest Publications
- Open Access
- 17 June 2022
- Published by MDPI AG in Sustainability
- Vol. 14 (12) , 7410
The Nexus between Digital Finance and High-Quality Development of SMEs: Evidence from China
In the context of digital finance and based on the characteristics of the high-quality development of SMEs in China, this paper investigates the influence of digital finance on the high-quality development of SMEs and explores their mechanism of influence. A panel econometric model and mediation model are used to evaluate the data of 581 SMEs in China from 2011 to 2020. The results show that digital finance has a significant role in promoting the development quality of SMEs. Heterogeneity analysis shows that the promotion effect of digital finance is more obvious in central and western regions, non-heavy pollution industries and non-state-owned SMEs than that of other SMEs. Further analysis shows that digital finance improves the efficiency of financial resource allocation, which in turn promotes the high-quality development of SMEs. After applying a test of robustness, the results proved significant.
- 17 June 2022
- Published by MDPI AG in Sustainability
- Vol. 14 (12) , 7410
Open AccessThe Nexus between Digital Finance and High-Quality Development of SMEs: Evidence from China
In the context of digital finance and based on the characteristics of the high-quality development of SMEs in China, this paper investigates the influence of digital finance on the high-quality development of SMEs and explores their mechanism of influence. A panel econometric model and mediation model are used to evaluate the data of 581 SMEs in China from 2011 to 2020. The results show that digital finance has a significant role in promoting the development quality of SMEs. Heterogeneity analysis shows that the promotion effect of digital finance is more obvious in central and western regions, non-heavy pollution industries and non-state-owned SMEs than that of other SMEs. Further analysis shows that digital finance improves the efficiency of financial resource allocation, which in turn promotes the high-quality development of SMEs. After applying a test of robustness, the results proved significant.