Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)

A Study on the Impact of Digital Finance on Innovation of Photovoltaic Enterprises-Based on Panel Data of Listed Photovoltaic Companies

Authors
Ying Zhang1, Hongshao Duan1, Xinlong Wu1, *
1School of Economics and Management, Kunming University, Kunming, 650214, China
*Corresponding author. Email: 2549362032@qq.com
Corresponding Author
Xinlong Wu
Available Online 30 December 2024.
DOI
10.2991/978-94-6463-638-3_28How to use a DOI?
Keywords
digital finance; financing constraints; photovoltaic companies
Abstract

This study explores the impact of digital finance on the innovation of listed PV companies based on panel data of listed PV companies from 2018-2022. The article summarizes the data through descriptive statistics, elaborates the relationship between variables using correlation analysis, and further explores the path of financing constraints through panel regression models. It is found that the development of digital finance has a significant positive impact on the innovation of PV listed companies, and the impact is heterogeneous, with larger companies being promoted more significantly by digital finance. Digital finance provides PV listed enterprises with more convenient financing channels, reduces financing costs, improves information transparency, improves risk control and other paths, so that they can obtain more innovation opportunities and resources, thus promoting their technological innovation and business model innovation.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 December 2024
ISBN
978-94-6463-638-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-638-3_28How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Ying Zhang
AU  - Hongshao Duan
AU  - Xinlong Wu
PY  - 2024
DA  - 2024/12/30
TI  - A Study on the Impact of Digital Finance on Innovation of Photovoltaic Enterprises-Based on Panel Data of Listed Photovoltaic Companies
BT  - Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)
PB  - Atlantis Press
SP  - 280
EP  - 288
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-638-3_28
DO  - 10.2991/978-94-6463-638-3_28
ID  - Zhang2024
ER  -