Financial Subsidies, Digital Finance and the Level of Corporate Industrial Investment

Abstract

Using the relevant data of the A-share listed companies in Shanghai and Shenzhen in China from 2011 to 2020, we study the impact of digital finance and financial subsidies on the level of industrial investment enterprises. The results show that the development of financial subsidies and digital finance can have a positive impact on the level of industrial investment. Financial subsidies and digital finance can promote the level of industrial investment by easing the financial constraints of enterprises. Based on the conclusions, suggestions such as using resources rationally and having a clear investment direction are made.

Keywords: financial subsidy, Digital finance, industrial investment level, financing constraints