Author(s)

Shuyi Yan ^1,2

Affiliation(s)

¹ International Cultural and Educational College, Northeast Agricultural University, Harbin, 150030, China
² Business College, The University of North Carolina at Pembroke, North Carolina, 28372, USA

Corresponding Author

Shuyi Yan

ABSTRACT

In recent years, digital economy has been deeply integrated into all fields of economic society, becoming a crucial engine to drive modern economy. Demand for online financial services is growing fast, for example, traditional financial services - credit, insurance and wealth management are operated via non-contact methods. In post-epidemic period (COVID-19), it is difficult for small and micro enterprises to obtain support from financial institutions through traditional financial models due to their light assets and lack of traditional mortgages and pledges. Therefore, they frequently encounter difficulties in operations. Under the background, this study focuses on analyzing how financial industry supports small and micro enterprises, and improves availability of financial services by digital means. Specifically, it selects supply chain bill platform as research case. Then, it describes significant role of supply chain bill in financing of small and micro enterprises from the perspective of innovative value of supply chain bill.

KEYWORDS

Financial Digitalization; Digital Innovation; Small and Micro Enterprises; Corporate Financing

CITE THIS PAPER

Shuyi Yan, Research on the Influence of Financial Digital Innovation on Small and Micro Enterprises. Financial Engineering and Risk Management (2023) Vol. 6: 105-109. DOI: http://dx.doi.org/10.23977/ferm.2023.060116.

REFERENCES

[1] Perry H. Beaumont. Digital Finance: Big Data, Start-ups, and the Future of Financial Services[M].Taylor and Francis: 2019-09-10.
[2] Xu Jie. Exploring digital finance to alleviate financing constraints of micro and small enterprises in western region [J]. Small and Medium Enterprise Management and Technology, 2022(12):166-168.
[3] Wang Yutian, Wang Weihan. How "SME capital chain breakage insurance" protects SME capital chain [J]. Modern Business, 2021(32):96-98.
[4] Tan Jin. Application of bills in supply chain finance of SMEs in the post-epidemic era [J]. Jilin Finance Research, 2021(04): 3-6+16.
[5] Xiao Xiaohe, Mu Zhiyu. Supply chain notes: an ideal choice for developing supply chain finance [J]. Modern Commercial Banking, 2021(19):42-46.
[6] Xiang Liu. Characteristics, problems and countermeasures of supply chain finance development in Hunan Province [J]. Financial Economics, 2021(03):74-77.
[7] Lan Tianmin. Research on financing of small and medium-sized enterprises under the supply chain note model [J]. Shanghai Finance, 2015(09):100-103.

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