Enhancing Construction Enterprise Financial Performance through Digital Inclusive Finance: An Insight into Supply Chain Finance

Digital Inclusive Finance (DIF) is a novel approach that employs digital technology to foster the development of inclusive finance, which can effectively alleviate the financing constraints of enterprises. This paper empirically tests the relationship between DIF and the financial performance of construction enterprises, with a focus of supply chain finance (SCF). The findings indicate that DIF can enhance the financial performance of construction enterprises, and SCF is one of the mechanisms through which DIF affects the financial performance of construction enterprises. Moreover, the cross-sectional analysis reveals that the impact of DIF on financial performance is more pronounced in firms with characteristics of private capital-holding and high operating pressure. This study not only enriches the research perspectives of DIF, but also provides valuable insights for policymakers to formulate effective policies.