A Study of the Impact of Digital Financial Inclusion on the Performance of Small and Medium Enterprises (SMEs)

This study applies the multi-layer mediation effect analysis of the structural equation model to deeply analyze the impact mechanism of digital inclusive finance on the performance of SMEs, covering the relationship between technological innovation, financing constraints, etc. and enterprise performance, as well as to provide policy recommendations for the development of the digital economy in the future. Research shows that digital inclusive finance effectively reduces financing costs and risks, greatly promotes technological innovation and R&D investment, and significantly improves the market competitiveness and economic efficiency of enterprises. Therefore, policymakers should plan and guide the development of digital inclusive finance, increase infrastructure investment and improve regulation; financial institutions should enhance their service capacity and innovate their products; and SMEs need to actively utilize digital financial tools and strengthen their technological innovations, so as to give full play to the role of digital inclusive finance, tap the potential of SMEs, and promote the sustained and healthy development of the economy.