The Two-sided Impact of Financial Agglomeration in the Context of Digital Economy
A Comparative Analysis Based on Traditional Finance and Internet Finance
DOI:
https://doi.org/10.54097/hnksw027Keywords:
Digital economy, Financial agglomeration, Traditional finance, Internet financeAbstract
With the rapid development of information technology, the digital economy has become a major force driving global economic growth. This study aims to investigate the two-sided impact of financial agglomeration on small and medium enterprises within the digital economy, especially focusing on the distinctions between traditional finance and internet finance during this phase. Adopting methods such as literature review, comparative research and experience summary to systematically analyze the theoretical framework of financial agglomeration and its two-sided impact on small and medium-sized enterprises. The study found that although both forms of finance can promote the development of small and medium enterprises through agglomeration, internet finance has more advantages in innovation and improving the popularity rate of financial services. In the meantime, traditional finance and internet finance have different emphases in serving small and medium enterprises, interdependent and competitive, jointly shaping the pattern of modern financial service industry.
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