The COVID-19 pandemic, digitalization level, and financing constraints of listed tourism companies

被引：0
|
作者：
Lyu, Junli [1 ]
机构：
[1] Chaohu Univ, Coll Tourism Management, Chaohu 238000, Anhui, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 69卷
关键词：
Digitalization level; Financing constraints; Tourism companies; INVESTMENT; CASH;
D O I：
10.1016/j.frl.2024.106040
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper empirically examines the impact of digital transformation on the financing constraints of tourism-related listed companies in the Chinese capital market during the COVID-19 pandemic. The empirical results indicate that digital transformation significantly reduces financing constraints during the pandemic. Heterogeneity analysis shows that the mitigating effect of digital transformation on financing constraints during the pandemic is mainly evident in large-scale enterprises and those with a higher proportion of institutional investors.
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页数：7
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