%0 Journal Article
%T 数字金融对我国企业融资效率的影响研究
Research on the Impact of Digital Finance on the Financing Efficiency of China’s Enterprises
%A 杨淑雯
%J E-Commerce Letters
%P 1676-1685
%@ 2168-5851
%D 2025
%I Hans Publishing
%R 10.12677/ecl.2025.1441058
%X 企业融资问题一直是我国资本市场发展过程中不可忽视的关键问题，如今，我国的数字金融时代已经到来，数字金融的发展势必会对企业融资产生重要影响，是机遇，也是挑战。数字金融正确解决好我国企业的融资问题，对推动我国经济的长期稳健和可持续发展有重要意义。因此，本文基于双向固定效应模型，实证分析数字金融对企业融资效率的影响及作用机制。研究发现，数字金融的发展能够有效提高企业融资效率，但存在地区间不平衡的问题；机制分析表明，数字金融的快速发展能够有效缓解融资约束，进而一定程度上提高企业融资效率。此外，本文也为如何在数字化时代背景下改善企业的融资效率提出了合理化建议。
During the process of the development of China’s capital market, the enterprise financing problem cannot be ignored. Now, with the advent of the digital finance era in China, the development of digital finance is bound to have a significant impact on enterprise financing. It represents both an opportunity and a challenge. Effectively resolving the financing problems of enterprises through digital finance is significant for promoting the stable and sustainable development of China’s economy. Therefore, this study conducts an empirical examination of the impact of digital finance on the financing efficiency of enterprises and its influencing mechanisms by applying the two-way fixed effect model. The results indicate that the advancement of digital finance can enhance the efficiency of enterprise financing, but there is a problem of inter-regional imbalance; the mechanism analysis reveals that digital finance can effectively alleviate the financing constraints, which eventually improves the efficiency of enterprise financing. Furthermore, proper suggestions are also offered to boost the financing efficiency of enterprises in the digital age.
%K 数字金融，
%K 融资效率，
%K 融资约束
Digital Finance
%K Financing Efficiency
%K Financing Constraints
%U http://www.hanspub.org/journal/PaperInformation.aspx?PaperID=112615