The impact of bank-enterprise distance on the digital economic value of manufacturing enterprises

Digitization is ST enterprises to successfully innovate and transform. However, existing studies pay less attention to the economic benefits of digitization, especially the lack of in-depth exploration on the mechanism of the impact of bank-enterprise distance on the economic value of digitization. Therefore, based on the perspective of signal asymmetry theory, this paper using A-share listed companies from 2014 to 2021 as samples, found bank-enterprise distance cuts down the digital economic value; while financing constraints are more capable of inhibiting this weakening effect. The findings provide new perspectives and practical insights for enterprises to empower digital economic value.