Empirical study on digital technology relieving financing constraints of private enterprises

The private economy is an essential component of China's economic development, but there are still many bottlenecks that constrain its growth in reality. Digital technology plays an important role in alleviating financing constraints for private enterprises. The article explores in depth the impact of digital technology applications on alleviating financing constraints for private enterprises by constructing a multiple linear regression model. The results show that Internet financing, financial institutions using digital technology to provide personalized financial products and services, expand the scope of financial services, improve the quality of financial services, and reduce credit risk are the five independent variables that have a significant positive impact on easing the financing constraints of private enterprises.