1. The impact of digital finance on business environment: Mediating role of industrial structural upgrading and moderating role of digital infrastructure.
- Author
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Li, Wanhui, Wang, Shumin, and Deng, Xinxia
- Abstract
• Digital finance has a significant positive impact on business environment. • Industrial structural upgrading serves as a mediating factor between digital finance and business environment. • The level of digital infrastructure moderates the relationship between digital finance and business environment. • The impact of digital finance on business environment exhibits regional heterogeneity, with a stronger influence observed in the central and eastern regions compared to the western regions. In the digital wave of the 21st century, digital finance, as a new financial services model, has profoundly changed the global business environment. Based on data from Chinese prefecture-level cities from 2011 to 2020, this study examines the relationship among digital finance, the business environment, the upgrading of industrial structure, and the level of digital infrastructure. The results show that digital finance has a positive mediation effect on the business environment. Industrial structural upgrading plays an intermediary role in this process, while the level of digital infrastructure acts as a moderator. Heterogeneity analysis reveals that digital finance has a stronger promoting effect on the business environment in the eastern and central regions compared to the western regions. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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