摘要
本文以2013-2020年创业板上市公司为样本,探讨了数字金融、融资约束与新创企业成长的关系。研究发现:数字金融与新创企业成长之间存在显著的正相关关系,数字金融缓解新创企业金融约束,激励新创企业成长;融资约束与新创企业成长存在负相关关系,融资约束在数字金融与新创企业成长的关系中发挥部分中介作用,数字金融通过缓解新创企业的融资约束来促进新创企业成长。
This paper Takes the companies listed on GEM during the period of 2013 to 2020 as the research sample,discussing the relationship between digital finance,financing constraints and the growth of start-ups.The results show that a significant positive correlation exists between digital finance and the growth of start-ups.Digital finance alleviates the financial constraints of start-ups and encourages the growth of start-ups;There is a negative correlation between financing constraints and the growth of start-ups.Financing constraints play an intermediary role in the relationship between digital finance and the growth of start-ups.Digital finance promotes the growth of start-ups by alleviating the financing constraints of start-ups.
作者
欧绍华
朱希琳
OU Shaohua;ZHU Xilin(School of Economics and Trade,Hunan University of Technology,Zhuzhou 4120081,Hunan;Business School,Dongguan City College,Dongguan523419,Guangdong,China)
出处
《安顺学院学报》
2022年第6期94-101,共8页
Journal of Anshun University
基金
湖南省学位与研究生教育改革研究重点项目“研究生创业意愿向创业能力转化的提升机制研究”(2019JGZD069)。
关键词
数字金融
融资约束
新创企业
digital finance
financing constraints
start-up
