The Impact of Digital Inclusive Finance on Outward Foreign Direct Investment by Small and Medium-Sized Enterprises--Empirical Evidence from China's "Specialized, Specialized and New" SMEs

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Empirical evidence shows digital inclusive finance significantly enhances OFDI in SMEs, suggesting pathways for innovation and productivity gains.

Digital inclusive finance significantly promotes outward foreign direct investment (OFDI) among SMEs.
Analysis of 2012-2022 data reveals stronger effects in eastern China and non-state-owned enterprises.
Empirical methods included robustness tests like propensity score matching for reliable conclusions.
Findings highlight pathways such as reducing financing constraints and enhancing productivity in promoting OFDI.

Yixun Zhou (2025) studied this question.

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Empirical evidence shows digital inclusive finance significantly enhances OFDI in SMEs, suggesting pathways for innovation and productivity gains.