Research On The Impact Of Digital Finance On The Quality Of Export Products Of Manufacturing Enterprises

Since China’s reform and opening up,relying on low-cost advantages such as land,the volume of foreign trade has increased sharply.From the perspective of "volume",China’s foreign trade has achieved tremendous development.However,in recent years,China’s land and labor costs have been rising,and its low-cost advantage has been weakening.It is obviously unrealistic to rely solely on the growth of product volume to promote foreign trade,and there is an urgent need to find new breakthroughs in foreign trade.From the perspective of "quality",China’s export products are often labeled as "low price and low quality",and there is still great room for development in the quality of export products.Therefore,how to promote the quality improvement of our export products is an urgent issue to be solved in China.In recent years,the level of digital finance in China has rapidly improved.Digital finance uses the Internet and cloud computing to alleviate financing constraints and reduce information asymmetry,which has a positive impact on export trade and product quality.Based on the new trade theory and the long tail effect theory,this article explores the impact of digital finance development on the quality of export products and its mechanism;On this basis,this article selects annual panel data of Chinese manufacturing enterprises,using a fixed effect model,and examines the impact of digital finance development on the quality of enterprises’ export products from multiple perspectives,from the overall to different ownership systems and regions.It also examines the intermediary effect of financing constraints and technological innovation.The research results show that: first,the development of digital finance promotes the quality of export products;Secondly,the promotion effect of digital finance on the quality of export products is more significant for enterprises and private enterprises in the eastern and central regions;Finally,financing constraints and technological innovation play a mediating role in the role of digital finance in the quality of export products.