Research on the Inner Logic and Practical Path of Empowering Enterprise Financial Intelligence Construction with Digital Economy

In recent years, with the rapid development of digital information technology, the digital economy has emerged as a powerful driver of economic growth.Against this backdrop, enterprises have embarked on new explorations of business-finance integration, promoting the transformation and development of financial functions.Drawing on theories such as principal-agent theory, information asymmetry theory, signaling theory, and internal control theory, this study examines the impact of business-finance integration on enterprise risks (including operational and financial risks) from a micro-perspective.It also delves into the impact pathways and mechanisms.The findings reveal that business-finance integration can significantly reduce both operational and financial risks for enterprises.This is achieved by enhancing the quality of accounting information and internal control, optimizing business decisions, improving capital utilization and resource allocation efficiency, and strengthening internal oversight effectiveness, thereby reasonably avoiding and mitigating risks.Notably, the inhibitory effect of business-finance integration on risks is more pronounced in high-tech enterprises and those facing higher financing constraints.Therefore, enterprises should increase investments in digital technology, improve relevant systems, and cultivate interdisciplinary talents to facilitate the effective implementation of business-finance integration.However, current methods for measuring business-finance integration suffer from measurement biases, suggesting a need for further exploration in future research.