The Impact of Digital Inclusive Finance on Corporate Risk-Taking

In the digital era, where enterprises often show limited risk-taking abilities, this study analyzes panel data from A-share listed companies in China from 2011 to 2022 to systematically explain how digital inclusive finance affects corporate risk-taking levels. The research reveals that digital inclusive finance significantly boosts corporate risk-taking. Through a detailed mechanism analysis using a mediation effect model, the study finds that digital inclusive finance enhances corporate risk-taking by easing financing constraints and promoting digital transformation. Further investigation highlights that the positive impacts of digital inclusive finance are especially evident in older and smaller enterprises. These businesses, which frequently encounter greater difficulties in accessing traditional financial resources, gain considerably from the opportunities provided by digital inclusive finance. This study offers valuable insights for improving corporate risk-taking capabilities and achieving high-quality development.