Digital Finance, Property Right Character, and Enterprise Financial Risk: Based on the Perspective of Financing Constraint
Publication: ICCREM 2023
ABSTRACT
Based on the data of China’s A-share listed real estate enterprise from 2011 to 2020, using empirical analysis method, this paper studies the effect of digital finance on the financial risk of real estate enterprise, and evaluates the impact of digital finance on the financial risk. The findings are as follows: (1) Digital finance has a significant negative impact on enterprise financial risk. (2) By reducing the financing cost, digital finance relieves the financing constraint of enterprises and reduces the financial risk of enterprises. Based on the analysis of heterogeneity, the inhibition of digital finance on enterprise financial risk is more significant in non-state-owned enterprises. Based on this, this paper believes that it is of great significance to promote digital finance in real estate enterprises.
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Information
Published In
ICCREM 2023
Pages: 903 - 909
History
Published online: Nov 30, 2023
ASCE Technical Topics:
- Benefit cost ratios
- Business management
- Case studies
- Chemical properties
- Chemistry
- Data analysis
- Disaster risk management
- Engineering fundamentals
- Environmental engineering
- Financial management
- Financing
- Heterogeneity
- Infrastructure
- Methodology (by type)
- Practice and Profession
- Real estate
- Research methods (by type)
- Risk management
- Urban and regional development
- Urban areas
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