Research on the Impact of Digital Finance on the Resilience of SMEs in Manufacturing

-- Examining the Mediating Roles of Financing Constraints and Innovation Levels

DOI

10.2991/978-94-6463-742-7_24How to use a DOI?

Keywords

Digital Finance; Manufacturing SMEs; Enterprise Resilience

Abstract

In the contemporary economic landscape characterized by variability, complexity, and ambiguity, SMEs face the dual challenges of high mortality rates and low growth rates. Consequently, enhancing the resilience of SMEs has become an urgent priority. The rapid development of digital inclusive finance offers essential financial resources and services that can significantly bolster the resilience of these enterprises. This paper examines the impact of digital inclusive finance on the resilience of manufacturing SMEs based on data from 1,207 firms listed on the New Third Board between 2015 and 2022. The findings indicate that advancements in financial development are conducive to improving the robustness of China’s SMEs. Specifically, this is achieved by alleviating financing constraints, fostering innovation levels, enhancing risk management capabilities, and ultimately increasing their capacity for resistance and recovery.

Copyright

© 2025 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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TY  - CONF
AU  - Xiaoyan Zhang
AU  - Mingjie Ye
PY  - 2025
DA  - 2025/05/31
TI  - Research on the Impact of Digital Finance on the Resilience of SMEs in Manufacturing
BT  - Proceedings of the 2025 4th International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2025)
PB  - Atlantis Press
SP  - 211
EP  - 218
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-742-7_24
DO  - 10.2991/978-94-6463-742-7_24
ID  - Zhang2025
ER  -