Opportunity or Challenge? Research on the Influence of Digital Finance on Digital Transformation of Agribusiness

The rapid development of digital finance in China has subtly influenced many aspects social and economic development. However, agricultural enterprises can hardly enjoy the same dividend as traditional because special attributes such internal external resource constraints, environmental constraints cyclicality. To clarify relationship between transformation agribusiness, also to explore factors that influence effectiveness finance, we use “Peking University Digital Finance Index” evaluate micro impact on agribusiness. results show there is a “transition period” which contributes agribusinesses, i.e., two U-shaped non-linear relationship. This effect still exists after considering endogeneity series robustness tests. In addition, further research determined financing financial risk are key paths through affects agribusinesses. Effective regulation weakens agribusiness an important means attenuating negative finance. Overall, provide explanation for accelerated popularization emerging markets, urgently needed most agribusinesses seeking high-quality