Abstract
ABSTRACT This paper tests how digital inclusive finance affects the scale distribution of firms in China. The full-sample registration information of approximately 30 million firms in China is utilized for this investigation. The main findings suggest that, as a developing country, the scale distribution of China’s firms significantly deviates from Zipf’s law. However, digital inclusive finance helps to correct this deviation. A nonlinear test shows that the above positive effect is rising, meaning it is necessary to further develop digital inclusive finance. The impact of digital inclusive finance is better in the relatively backward central and western regions. Also, no obvious heterogeneity exists among industries, highlighting the due meaning of the word ‘inclusive’.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
