id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-505	Pang, Qiannan	Can Network Infrastructure Construction Alleviate Corporate Financing Constraints? A Quasi-Natural Experiment Based on "Broadband China	2022	5	.pdf	application/pdf	3198	151	39	The reason is that limited to resource constraints, most small and medium-sized enterprises can only carry out simple information applications due to talent, capital, etc., and it is difficult to quickly improve the level of information disclosure through network infrastructure construction in the short term, reducing the degree of information asymmetry between the two sides of financing; Large and medium-sized enterprises have strong funds, information transparency is 71 relatively higher, it is easier to gain competitive advantage in the wave of digital transformation, which may enhance the positive role of information resources in the process of enterprise financing, thereby enhancing the impact of network infrastructure construction on corporate financing constraints. Based on the perspective of information asymmetry, taking the Broadband China pilot as a natural experiment, using the data of Chinese listed companies from 2009 to 2020, and using the multi-period double difference method to empirically test the impact of network infrastructure construction on the constraint level of enterprise financing and verify its internal mechanism.	cache/fbem-505.pdf	txt/fbem-505.txt