Debt pressure and flexibility trade-offs: short-term debt and financial flexibility as a transmission channel between digital financial inclusion and firms’ financial vulnerability

This paper applies Minskyan framework to examine how digital financial inclusion affects financial vulnerability by shaping firms’ transitions across Hedge, Speculative, and Ponzi financing positions. Using a balanced panel of more than 1,900 Chinese A-share listed firms from 2011 to 2023, we employ...

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Номзүйн дэлгэрэнгүй

Үндсэн зохиолчид:	Ling Chen, Nurul Shahnaz Mahdzan, Jianbo Shen
Формат:	Artigo
Хэл сонгох:	Inglês
Хэвлэсэн:	Taylor & Francis Group 2026-12-01
Цуврал:	Cogent Economics & Finance
Нөхцлүүд:	Digital financial inclusion financial vulnerability short-term debt financial flexibility corporate financial vulnerability Economics
Онлайн хандалт:	https://www.tandfonline.com/doi/10.1080/23322039.2026.2678718
Шошгууд:	Шошго нэмэх Шошго байхгүй, Энэхүү баримтыг шошголох эхний хүн болох!