This paper empirically examines the impact of CEO narcissism on corporate financialization using Shanghai and Shenzhen A-share listed companies from 2009–2022. The results find that CEO narcissism leads to corporate financialization, and the pr...
Culture is an important factor that affects the investment behavior of enterprises, while gambling culture to a certain extent reflects people’s risk-taking spirit or speculative preferences. Taking Chinese A-share listed companies from 2008 to...
This paper took non-financial listed companies on A-shares from 2014 to 2018 as samples to empirically test the relationship between corporate financialization, financing constraints, and environmental investment. The empirical results showed that th...
As corporate financialization becomes an important stylized fact, policymakers and economists are concerned that corporate financialization may harm firms’ productivity by reducing operation investment. However, no previous literature has asses...
We investigate the sustainability of the asymmetric public social spending (PSS)–financialization relationship in the Eurozone over the period of 1995q1–2023q4. We follow the theoretical endogenous nexus of PSS with the financial fragilit...
Infrastructure financialization is an important economic phenomenon in urbanization and urban financialization. The existing studies are mainly focused on qualitative and theoretical analysis around the world. To quantitatively evaluate the impact of...
Many nonfinancial firms in China invest increasingly in financial assets. To understand the driving factors behind this phenomenon, this paper examines the effect of environmental, social, and governance (ESG) performance on corporate financializatio...
This paper examines whether the proliferation of new index products, such as commodity-tracking exchange-traded funds (ETFs), amplified the volatility transmission channel introduced by financialization. This paper focuses on the volatility spillover...
As urbanization progresses rapidly, cities face growing challenges of land resource scarcity and the pressure on green ecological spaces. This not only affects the sustainable development of cities but also presents a major challenge to the resilienc...
The development of the real economy is the cornerstone of sustainable social development. However, affected by the macroeconomic downturn and the profit-seeking nature of capital, the profit margins of real enterprises have been squeezed, resulting i...
This paper is founded on both the theoretical schemes of financialization, as a new regime of accumulation, and the shareholder value, the everyday finance, the structured finance, as well as the finance-led growth regime, whose special institutional...
A large number of studies have confirmed that oil speculation has played a vital role in oil price fluctuation in recent years. However, the heterogeneous impact of oil financialization on oil price fluctuation has not received enough attention. Base...
Under the background of the economy “shifting from real to virtual”, how to guide real enterprises to return to their main businesses has become an urgent problem to be solved in the stage of microeconomic bodies moving toward high-qualit...
Against the backdrop of funds flowing from the real economy to the virtual economy, the trend of corporate financialization is becoming more and more obvious. Establishing how to guide enterprises to return to their main business is the key to guaran...
This paper takes 1179 non-financial listed companies in China from 2010 to 2021 as samples and constructs a panel fixed-effect model to examine the effect of corporate financialization on sustainable development ability. Also, we further use the mode...
Climate risks are increasingly shaping corporate strategies, raising important considerations for sustainability. This study explores the impact of climate risks on the shadow banking activities of non-financial firms, examining how these risks influ...
Supply chain finance, as an important financial instrument supporting the sustainable development of the real economy, has attracted significant attention. In this paper, research is conducted on 3181 non-financial listed enterprises in the A-share m...
This paper empirically examines the influence of financial factors on housing prices in Chile, given the relevance that arises from the important housing crisis that the country is going through and the scarce amount of literature on causal relations...
This study investigates the unintended consequences of China’s Green Finance Reform and Innovation Pilot Zones (GFRI) on corporate financialization (CF). Leveraging a Difference-in-Differences (DID) approach and panel data of listed firms in Ch...
In recent years, the global financial and economic crisis are rewriting the relationship between business and society, focusing, among other things, on the role of the process of financialization, not only in the economy as a whole but also within no...
Economic financialization refers to misappropriating workers’ earnings and enriching wealthy individuals through financial cycles. This process leads to an unequal distribution of wealth and income, particularly pronounced between urban and rur...
This paper explores the effects and mechanisms of corporate financialization on corporate environmental responsibility (CER), using panel regression and the panel quantile regression model. The data is from 484 Chinese A-share non-financial listed co...
This study explores the financialization of agricultural commodities, focusing on how financial derivatives and index funds impact the volatility of agro-food markets. Using a Dynamic Conditional Correlation (DCC) GARCH model, we analyze volatility s...
With changing times as countries pursue sustainable development, traditional profit-driven strategic decisions are no longer sustainable. A well-planned financial investment may improve a business’s capital flow efficiency, but when short-term...
Against the backdrop of heightened global economic uncertainty and increasingly frequent risks in agricultural supply chains, enhancing agricultural supply chain resilience has become a critical issue for safeguarding national food security and promo...
Increasing research and development (R&D) investment is the key to the sustainable development of the manufacturing industry. With the development of financialization, manufacturing enterprises allocate greater funds to the financial field, which...
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In the wake of the acceleration of China’s industrialization and rapid economic growth, environmental pollution has also attracted great attention. The technological innovation of heavily polluting enterprises is conducive to reducing pollution...
In recent years, more and more real enterprises speculate and arbitrage in the financial market by participating in financial institutions, and the financialization of micro enterprises has become a general trend. However, the empirical conclusions o...
To cope with the global financial crisis, China’s governments issued huge amount of debt to support public infrastructure projects. These financing mechanisms brought about rapid economic restoration, as well as large amounts of debt accumulati...
We revisit, and document new facts regarding, the financialization of U.S. energy markets in 2000–2010. We show that, after controlling for macroeconomic factors and physical energy market fundamentals, the strength of energy markets’ co-...
This study investigates the relationship between corporate financialization and innovation investment in Chinese manufacturing firms under the backdrop of economic policy uncertainty (EPU). We systematically examine the dual mechanisms through which...
In recent years, it has become common practice for Chinese local governments to inject land assets into financing platform companies and use them as mortgage or credit guarantees to obtain bank loans and issue urban investment bonds, which is known a...
Based on the urgent need of the real economy to “get away from fictitious to substantial”, this paper constructs a quasi-natural experiment based on the margin trading program gradually implemented in China in 2010 and studies the influen...
Financialization is a process within the global economy wherein financial markets have been gaining ground in recent years. And yet, whether it has a beneficial or detrimental impact is almost totally unstudied, notably in terms of market effects on...
Climate risk, as a significant factor affecting human sustainable development, has emerged as a focal topic of concern for governments and all sectors of society. Using a dataset from China’s Shanghai and Shenzhen A-share markets spanning 2007...
Financialization is one of the most relevant processes embedded in the functioning and evolution of the contemporary capitalist model and presents differential characteristics in the peripheral economies of the world-system. In turn, land grabbing is...
This study explores the conditions under which financialization may foster sustainable total factor productivity (TFP). We examine the inverted U-shaped relationship between corporate financialization and TFP by employing a panel threshold model usin...
In recent years, the growth rate of China’s real industry has slowed down while the financial industry has entered a phase of rapid development. Driven by the profit-seeking motive of capital, real enterprises tend to carry out financial invest...
High-dimensional prediction problems with complex non-linear feature interactions present significant algorithmic challenges in machine learning, particularly when dealing with imbalanced datasets and multicollinearity issues. This study proposes an...
This study analyzes the relationship between financial education, financial attitude, financial advice, financial knowledge, and behavior and its influence on financial capabilities, as well as their impact on financial well-being. The population con...
The implementation of the Ecological Conservation and High-Quality Development of the Yellow River Basin (YBCD) can provide the institutional context for economic outcomes of environmental regulations and influences on corporate financial asset alloc...
Against the background of the increasing financialization of manufacturing enterprises, whether green financial policies can inhibit the financialization of manufacturing enterprises is a major practical issue worth exploring. It can help government...
Green innovation in heavily polluting firms is crucial for sustainable development, yet financial constraints remain a major barrier. This study employs a Spatial Durbin Model to analyze how financialization influences green innovation in China&rsquo...
In the era of green transformation and sustainable development, green innovation has become a key force driving the greenization of the economy and society, as well as achieving global sustainable development goals. This study aims to investigate the...
This study constructs a panel model to conduct an empirical analysis on the influence of fulfillment of social responsibility on corporate innovation and its mechanism based on the annual data of A-share listed companies in China from 2010 to 2020. R...
This paper examines the role of financial stress in explaining the relationship between financial literacy and financial well-being among individuals in the United States. The 2018 FINRA National Financial Capability Study dataset is used for the emp...
This study proposes a two-stage structural model integrating financial literacy, education, attitudes, behavior, financial advice, and financial stress as predictors of financial capabilities. It examines the relationship between financial capabiliti...
As an integral part of financial inclusion, adequate and correct financial knowledge provides individuals with tools to achieve better financial performance throughout their lives. Financial knowledge also contributes to agents exhibiting financial b...
Financial planning for retirement is essential to ensure that people have enough money to live the lifestyle they desire when they retire. Self-employed business owners in developed countries widely do financial retirement planning. However, in Malay...
While financial literacy is crucial in improving the population’s financial well-being, its effectiveness can be enhanced by exposure to financial information. This paper investigates the nexus between financial literacy, financial information...
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