Digital finance and chinese corporate labor investment efficiency: the perspective of financing constraints and human capital structure

HIGHLIGHTS

SUMMARY

    Data-driven and product innovation, enhances the efficiency of financial institutions in approving loans, alleviates financing constraints of firms (Ozili, 2018), and thus may improve the LIE. DF development facilitates the concealment of financial risks (Vallée and Zeng, 2019), providing opportunities for firms to circumvent regulation for arbitrage and encourages the financialization of firms (Li, 2019), all of which may have a negative influence on the LIE. To address these issues, the authors chose Chinese A-share listed businesses from 2011 to 2020 as the study sample and construct an empirical model to . . .

     

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