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Digital financial development and inefficient investment: a study based on the dual perspectives of resource and governance effects

Business

Digital financial development and inefficient investment: a study based on the dual perspectives of resource and governance effects

L. Xue, J. Dong, et al.

This empirical study by Liuyang Xue, Junan Dong, and Shiyao Jiang reveals how digital finance plays a crucial role in reducing inefficient investments in Chinese non-financial firms. Notably, it shows that this impact is especially significant in non-state firms and regions with robust institutional frameworks. Explore how digital finance not only minimizes wasteful expenditures but also enhances overall investment levels!

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