The digital economy plays an important role in society and the economy. However, we know little about what factors affect the development of the digital economy. Using a self-developed index for measuring Chinese provincial-level digital economy development, this paper examines the impact of...

With the unique data on Chinese listed companies’ online sales through e-commerce platforms from 2015-2020, this paper investigates the impact of online sales on firms’ debt financing costs. The results show that online sales significantly reduce firms’ debt financing costs, and the...