The Impact of Digital Transformation on Financing Constraints
Main Article Content
Keywords
digital transformation, financing constraints, information asymmetry, digital finance
Abstract
In the era of the digital economy, the digital transformation of enterprises has a profound impact on their financing capabilities. By comprehensively reviewing relevant studies, this paper clarifies the concepts of digital transformation and financing constraints, and focuses on analyzing their impact mechanisms. Research indicates that digital transformation primarily alleviates financing constraints by mitigating information asymmetry, enhancing enterprise performance and competitiveness, improving corporate governance, and broadening financing channels. However, its high initial investments may also exacerbate funding pressures in the short term. This article summarizes the consensus and divergences in existing research, and proposes measures from four perspectives: enterprises, government, financial institutions, and society, to assist enterprises in addressing financing challenges during the transformation process, thereby providing theoretical foundations and practical guidance for future studies.
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