The Impact of Digital Finance on Corporate Resilience

This paper aims to explore the impact of digital finance on corporate resilience. With its technological advantages, such as big data and cloud computing, digital finance provides diversified financial services for enterprises, including expanding financing channels, reducing financing costs, easing the financial pressure of enterprises, especially those limited in the traditional financial system, and enhancing capital liquidity and stability. In this paper, Shanghai and Shenzhen A-share listed companies from 2014 to 2023 are selected as research samples to explore the impact of digital finance on corporate resilience. The study found that digital finance has a significant positive impact on improving corporate resilience. At the same time, the positive impact of digital finance on corporate resilience is more significant in non-state-owned enterprises and regions with a lower degree of marketization. Based on the above conclusions, this study puts forward a series of policy recommendations. This study has enriched the theoretical research on digital finance and corporate resilience, and has strong practical significance.