Research on Digital Finance and Financial Risk in the Context of High-quality Development: Evidence from Listed Real Estate Companies in China

Letong Xiao

doi:10.54254/2754-1169/40/20231986

Research Article

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Published on 10 November 2023

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Xiao,L. (2023). Research on Digital Finance and Financial Risk in the Context of High-quality Development: Evidence from Listed Real Estate Companies in China. Advances in Economics, Management and Political Sciences,40,34-40.

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Research on Digital Finance and Financial Risk in the Context of High-quality Development: Evidence from Listed Real Estate Companies in China

Letong Xiao *^,1,

¹ Shanghai University of International Business and Economics

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/40/20231986

Abstract

The paper practically investigates relationships among digital finance, financial risks, and high-quality development of real estate companies using data from listed real estate companies and digital finance from 2011 to 2020. The research findings are as follows: (1) Digital finance significantly foster the high-quality development of real estate companies; (2) Mechanism analysis indicates that digital finance can advocate the high-quality development of real estate companies by alleviating financial risks. Therefore, this paper suggests policy recommendations such as the government issuing policies to drive the development of digital finance, companies establishing sound internal control and risk management mechanisms, and companies undergoing digital transformation to promote the high-quality development of real estate companies.

Keywords

digital finance, financial risk, total factor productivity

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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

Conference website: https://www.icemgd.org/

ISBN：978-1-83558-101-8(Print) / 978-1-83558-102-5(Online)

Conference date: 6 August 2023

Editor：Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.40

ISSN：2754-1169(Print) / 2754-1177(Online)

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