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Bridging social responsibility and grassroots finance: Evaluating the impact of firms' targeted pairing assistance on county digital financial inclusion

题目Bridging social responsibility and grassroots finance: Evaluating the impact of firms' targeted pairing assistance on county digital financial inclusion
作者Zixun Zhou;Xinyu Zhou;Hao Zhong;Xuezhi Zhang
作者单位Macau Univ Sci & Technol, Sch Business, Macau 999078, Peoples R China Peking Univ, Guanghua Sch Management, 5 Yiheyuan Rd, Beijing 100871, Peoples R China Sun Yat Sen Univ, Int Sch Business & Finance, Zhuhai 519082, Peoples R China Sun Yat Sen Univ, Adv Inst Finance, 135 Xingang West Rd, Guangzhou 510275, Guangdong, Peoples R China
关键词:Bridging social responsibility and grassroots finance Evaluating the impact of firms targeted pairing assistance on county digital financial inclusion
时间:2025年3月14日
出版者:RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
摘要This study exploits the unique setting of China's 2016 mandate requiring firms to disclose their involvement in targeted pairing assistance (TPA) to explore the impact of corporate social responsibility (CSR) practices on digital financial inclusion (DFI) at the recipient county level. Using manually collected data, we employ a staggered difference-in-differences approach to examine how firms' targeted pairing assistance with counties affects DFI. Our results show that firms' pairing assistance, an innovative CSR practice, can significantly improve DFI in recipient counties. This remains robust after considering two-way fixed effects (TWFE) potential bias, endogeneity issues and robustness checks. Mechanism analysis shows that firms can leverage their financial expertise and CSR experience to broaden DFI coverage, while those with digitalization capabilities further advance the digitalization process. We also uncover pairing firms' alignment-through industry synergy and regional complementarity-which improves the impact of TPA on DFI. Overall, this paper provides new insights into the social benefits of CSR, shifting the research focus from the focal firm to its impact on beneficiaries.
URLhttp://hdl.handle.net/20.500.11897/742769
ISSN0275-5319
DOI10.1016/j.ribaf.2025.102839
收录情况SSCI
作者单位 Macau Univ Sci & Technol, Sch Business, Macau 999078, Peoples R China Peking Univ, Guanghua Sch Management, 5 Yiheyuan Rd, Beijing 100871, Peoples R China Sun Yat Sen Univ, Int Sch Business & Finance, Zhuhai 519082, Peoples R China Sun Yat Sen Univ, Adv Inst Finance, 135 Xingang West Rd, Guangzhou 510275, Guangdong, Peoples R China 时间 2025年3月14日
出版者 RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE URL http://hdl.handle.net/20.500.11897/742769
ISSN 0275-5319 DOI 10.1016/j.ribaf.2025.102839
收录情况 SSCI 分类
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