Analysis reveals digital finance boosts export resilience in Chinese companies, suggesting improvements in financial services and policy coordination.
Based on data from Chinese A-share listed companies from 2016 to 2023, this study examines how digital finance affects corporate export resilience. Using a two-way fixed effects model , we find that digital finance significantly enhances export resilience. This conclusion remains valid after robustness tests. Digital finance strengthens firms' capacity to resist external shocks, recover exports, and facilitate upgrading by easing financing constraints and improving resource allocation. We recommend further developing digital financial infrastructure, creating tailored financial services for exporters, and enhancing policy coor-di-nation to boost firms' risk resilience and international competitiveness, thereby supporting high-quality foreign trade development.
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Wang et al. (2025) studied this question.
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