数字金融对企业电商发展的影响——基于中国30个省级面板数据

The Impact of Digital Finance on Enterprise E-Commerce Development—Evidence from 30 Provincial Panel Data in China

摘要: 本研究利用2013~2023年中国30个省级面板数据，通过双向固定效应模型进行实证分析，证实数字金融对企业电商发展进程具有显著的推动作用。在经过工具变量法处理内生性问题和稳健性检验后，结论依然成立。异质性分析进一步揭示，此种促进效应在东部和西部地区表现尤为强劲。而在中部地区尚未完全显现。本研究为理解数字金融在推动企业数字化转型中的作用提供了实证依据，并为制定区域差异化的数字金融与电商支持政策提供了参考。

Abstract: Based on panel data from 30 provincial-level administrative units in China between 2013 and 2023, this study employs a two-way fixed effects model to systematically examine the impact of digital financial inclusion on enterprise e-commerce adoption. The results indicate that the development of digital financial inclusion significantly promotes the level of enterprise e-commerce, a finding that remains robust after addressing endogeneity and conducting robustness tests. Further heterogeneity analysis reveals that the promoting effect is particularly pronounced in eastern and western regions, while not yet significant in central China. This research provides empirical evidence on the role of digital financial inclusion in fostering enterprise digital transformation and offers insights for formulating regionally differentiated policies to support digital finance and e-commerce.