gxceed
← 論文一覧に戻る

SME Exchange Overcoming Challenges: Unveiling Finance Dynamics During the Green Transition and Fiscal Policies

中小企業取引所が課題を克服：グリーン移行と財政政策における資金調達のダイナミクスを解明 (AI 翻訳)

Yiwan Huang, Xi Yang

The Singapore Economic Reviewプレプリント2025-11-14#その他Origin: CN
DOI: 10.1142/s0217590825490335
原典: https://doi.org/10.1142/s0217590825490335

🤖 gxceed AI 要約

日本語

本研究は、2011年から2021年のデータを用いて、中国のデジタルファイナンスの発展が上場中小企業の商業資金調達プロセスに与える影響を分析。デジタルファイナンスが情報非対称性と資金制約を軽減する一方で、資金需要と供給の減少傾向を明らかにした。政策立案者には、業種・地域別の支援策と規制枠組みのバランスが求められる。

English

This study examines how digital finance advancement affects commercial financing for Chinese-listed SMEs using 2011-2021 data. It finds that while digital finance reduces information asymmetry and financing constraints, it also leads to a worrying decline in both demand and supply of financial support. The paper recommends industry- and region-specific policies and balanced regulatory frameworks.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

中国のデジタルファイナンスと中小企業の資金調達に関する研究だが、日本のGX文脈（SSBJや有報など）との直接的な関連は薄い。ただし、グリーン移行における中小企業の資金調達課題を考える上で参考になる可能性がある。

In the global GX context

This paper focuses on China's digital finance and SME financing, with limited direct relevance to global GX disclosure frameworks like TCFD or ISSB. However, it offers insights into the financial dynamics of SMEs during the green transition, which could inform broader discussions on transition finance.

👥 読者別の含意

🔬研究者:Provides empirical evidence on digital finance's impact on SME financing, relevant for studies on green finance and SME sustainability.

🏢実務担当者:Offers insights for corporate sustainability teams on how digital finance can affect SME access to capital during the green transition.

🏛政策担当者:Highlights the need for tailored policies to support SMEs in the digital finance era, relevant for designing green transition support mechanisms.

📄 Abstract（原文）

China’s fast digital finance expansion makes fair capital distribution among small and mediumsized firms a vital issue for economic sustainability. Using data from 2011 to 2021, this research examines how digital finance advancement affects commercial financing processes for Chinese-listed SMEs. Robustness testing shows a worrying trend in the demand and supply of financial support to SMEs due to digital finance. This influence continues after thorough testing, proving digital finance’s importance in transforming SMEs’ financial picture. Digital banking accelerates this decline by reducing information asymmetry and financing constraints, according to mechanism testing. The worldwide implications of digital banking on SMEs complicate the interaction between digital finance and SMEs. Policymakers need realistic advice to negotiate this tricky terrain due to impact variety. The report recommends understanding asymmetry, improving digital banking infrastructure, and balancing regulatory frameworks. Because digital banking affects SMEs differently, industry- and region-specific assistance initiatives are needed. Policymakers can promote economic resilience and prosperity by tackling these difficulties head-on and promoting SMEs’ sustainable development in the digital age.

🔗 Provenance — このレコードを発見したソース

🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。

gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。