IDEAS home Printed from https://ideas.repec.org/r/eee/deveco/v88y2009i2p314-324.html

Financial liberalization, private investment and portfolio choice: Financialization of real sectors in emerging markets

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Luyu Wang & Gangdong Peng & Yongwen Yang & Xiaoxiang Li, 2024. "RETRACTED ARTICLE: Industrial Robot Application and Enterprise Financialization: Empirical Evidence from the Chinese Manufacturing Firm Level," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 15365-15389, September.
  2. Li, Quan & Zhan, Kaiyan & Jiang, Hexin & Li, Tianshu & Zhang, Yuan, 2024. "Impact of financial regulation on labor income share: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
  3. Karabag, Solmaz Filiz, 2019. "Factors impacting firm failure and technological development: A study of three emerging-economy firms," Journal of Business Research, Elsevier, vol. 98(C), pages 462-474.
  4. Jiang, Pengcheng & Jiang, Hongli & Wu, Jiahui, 2022. "Is inhibition of financialization the sub-effect of the green credit policy? Evidence from China," Finance Research Letters, Elsevier, vol. 47(PB).
  5. Daniele Tori & Özlem Onaran, 2022. "Financialisation and firm-level investment in developing and emerging economies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 46(4), pages 891-919.
  6. Zhao, Yan & Su, Kun & Xu, Yiming, 2025. "Does key audit matters (KAMs) disclosure affect corporate financialization?," Journal of Contemporary Accounting and Economics, Elsevier, vol. 21(3).
  7. Karsten Kohler & Alexander Guschanski & Engelbert Stockhammer, 2019. "The impact of financialisation on the wage share: a theoretical clarification and empirical test," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(4), pages 937-974.
  8. Oyvat, Cem & Öztunalı, Oğuz & Elgin, Ceyhun, 2018. "Wage-led vs. profit-led growth: a comprehensive empirical analysis," Greenwich Papers in Political Economy 20951, University of Greenwich, Greenwich Political Economy Research Centre.
  9. Anthony Orji & God'stime Osekhebhen Eigbiremolen & Jonathan Emenike Ogbuabor, 2014. "Impact of Financial Liberalization on Private Investment: Empirical Evidence from Nigerian Data," Review of Economics & Finance, Better Advances Press, Canada, vol. 4, pages 77-86, May.
  10. Luo, Hang & Tan, Jianwei, 2025. "Risk contagion of net international short-term capital flows: A volatility spillover network perspective," Finance Research Letters, Elsevier, vol. 84(C).
  11. Zheng Zhiyong & Xu Buyun & Xu Yongbin, 2024. "Family business financialization and green innovation in China from 2008 to 2023," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2453-2479, December.
  12. Ömer Tuğsal Doruk, . "Neither Parasite nor Paragon: Are Business Groups a Source of Competitive Power?," Prague Economic Papers, Prague University of Economics and Business, vol. 0.
  13. Qi, Bao & Fang, Peijie, 2023. "Dynamic changes in corporate financialization during CEO tenure," Finance Research Letters, Elsevier, vol. 58(PB).
  14. Zhong, Huaming & Al-Duais, Zinb Abduljabbar Mohamed & Peng, Biyu, 2023. "The impact of idiosyncratic risk on corporate financialisation——Evidence from China," International Review of Financial Analysis, Elsevier, vol. 86(C).
  15. Su, Kun & Zhao, Yan & Wang, Yinghui, 2024. "Customer concentration and corporate financialization: Evidence from non-financial firms in China," Research in International Business and Finance, Elsevier, vol. 68(C).
  16. Ma, Sichao & Shen, Ji & Wang, Fanzhi & Wu, Wanting, 2022. "A tale of two Us: Corporate leverage and financial asset allocation in China," International Review of Financial Analysis, Elsevier, vol. 83(C).
  17. Thomas Marois, 2014. "Historical Precedents, Contemporary Manifestations," Review of Radical Political Economics, Union for Radical Political Economics, vol. 46(3), pages 308-330, September.
  18. Zhang, Shuang & Wang, Wenzhi & Zhou, Liying, 2024. "Nonstate capital participation and innovation in state-owned enterprises: Scale, structure and quality," Finance Research Letters, Elsevier, vol. 61(C).
  19. Zhang, Chengsi & Zheng, Ning, 2020. "The financial investment decision of non-financial firms in China," The North American Journal of Economics and Finance, Elsevier, vol. 53(C).
  20. Liu, Mengxi & Ding, Lili & Yang, Ying & Li, Hui, 2024. "Guidance or supervision: the impact of network relationship of institutional investors on corporate financialization," Finance Research Letters, Elsevier, vol. 65(C).
  21. Jin, Jian & Xu, Su & Gao, Bei, 2025. "Can energy efficiency credit guidelines boost enterprises' low-carbon technological innovation? Evidence from China," Energy Economics, Elsevier, vol. 150(C).
  22. Li, Xing & Shen, Guangjun, 2023. "Tax incentives and the financialization of the real sector: Evidence from the accelerated depreciation policy in China," Finance Research Letters, Elsevier, vol. 51(C).
  23. Fu, Xiaoxia & Wang, Shanshan & Jia, Jia, 2024. "Equity incentives and dynamic adjustments to corporate financialization: Evidence from Chinese A-share listed companies," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 948-966.
  24. Huang, Jialin & Luo, Yu & Peng, Yuchao, 2021. "Corporate financial asset holdings under economic policy uncertainty: Precautionary saving or speculating?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 1359-1378.
  25. Zhang, Mengtao & Li, Wenwen & Luo, Yalin & Chen, Wenchuan, 2023. "Government audit supervision, financialization, and executives' excess perks: Evidence from Chinese state-owned enterprises," International Review of Financial Analysis, Elsevier, vol. 89(C).
  26. Zhao, Yan & Su, Kun, 2022. "Economic policy uncertainty and corporate financialization: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 82(C).
  27. Bingxiang Li & Dan Zhang, 2025. "Do non‐controlling large shareholders affect corporate over‐financialization?: A shareholder hybrid perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(4), pages 1917-1933, June.
  28. Feng, Yumei & Yu, Qiang & Nan, Xingheng & Cai, Yongbin, 2022. "Can employee stock ownership plans reduce corporate financialization? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 140-151.
  29. Pan, Ailing & Zhang, Qihao & Tang, Zheng & Qiu, Jinlong, 2025. "Judicial independence and corporate financialization: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 92(C).
  30. Lei Lei & Di Zheng & XuDong Chen, 2022. "Corporate social responsibility and corporate financialization—Based on information effect and reputation insurance effect," PLOS ONE, Public Library of Science, vol. 17(7), pages 1-18, July.
  31. Jiang, Fuxiu & Shen, Yanyan & Cai, Xinni, 2022. "Can multiple blockholders restrain corporate financialization?," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).
  32. Ni, Xiaoran & Peng, Yuchao & Shen, Ji & Vigne, Samuel A. & Wang, Nanxuan, 2025. "Available-for-sale is available for hoarding: When nonfinancial firms hold financial assets," Journal of Banking & Finance, Elsevier, vol. 171(C).
  33. Xie, Hongji & Tian, Cunzhi & Pang, Fangying, 2024. "Venture capital and corporate financialization: Evidence from China," The Quarterly Review of Economics and Finance, Elsevier, vol. 93(C), pages 119-136.
  34. Tang, Kai, 2024. "The influence of managerial ability on corporate financialization," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 1229-1245.
  35. Jungmann, Benjamin, 2021. "Growth drivers in emerging capitalist economies before and after the Global Financial Crisis," IPE Working Papers 172/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  36. Liu, Xing & Liu, Fengzhong, 2022. "Environmental regulation and corporate financial asset allocation: A natural experiment from the new environmental protection law in China," Finance Research Letters, Elsevier, vol. 47(PA).
  37. Shi, Wenxiang & Fang, Peijie, 2023. "Delisting regulation and corporate financialization: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
  38. Leng, Tiecheng & Liu, Ying & Xiao, Yi & Hou, Chunxiao, 2023. "Does firm financialization affect optimal real investment decisions? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
  39. Qi, Minhao & Liu, Yuxin & Hu, Changlong & Yang, Zhijiu, 2024. "The unintended consequence of environmental centralization: Evidence from firm financialization," International Review of Financial Analysis, Elsevier, vol. 96(PB).
  40. Peng, Fei & Zhou, Shibiao & Zhou, Peng, 2023. "Local government fiscal stress and corporate risk-taking: Evidence from a quasi-natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1677-1695.
  41. Chuan Zhang & Yueyun Wang, 2024. "Non-financial information farsightedness and capital market information efficiency," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-19, December.
  42. Amira Hakim, 2025. "Income Inequality and Financialization: Evidence for MENA Countries," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 3-23.
  43. Shu, Jiaxian & Zhang, Chengsi & Zheng, Ning, 2020. "Financialization and sluggish fixed investment in Chinese real sector firms," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 1106-1116.
  44. Shuanglian Chen & Benhuan Nie & Xiaohua Huang, 2024. "Nonlinear Impact of Corporate Financialization on Sustainable Development Ability: Evidence from Listed Companies in China," Sustainability, MDPI, vol. 16(8), pages 1-23, April.
  45. Zhao, Xiaomeng & Chen, Yinna & Si, Deng-Kui & Jiang, Cun-Yuan, 2024. "How does environmental legislation affect enterprise investment preferences? A quasi-natural experiment based on China's new environmental protection law," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 834-855.
  46. Liu, Duan & Li, Zhiyuan & He, Hongbo & Hou, Wenxuan, 2021. "The determinants of R&D smoothing with asset sales: Evidence from R&D-intensive firms in China," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 76-93.
  47. Zheng, Di & Yang, Guang & Lei, Lei & Li, Pinghua, 2025. "Feed-back effect or crowding-out effect: The influence of financialization on the main business performance of real enterprises," International Review of Economics & Finance, Elsevier, vol. 98(C).
  48. Gao, Yuqiang & Wang, Zishuai & Wang, Kaihua & Zhang, Ruiai & Lu, Yuchen, 2023. "Effect of big data on enterprise financialization: Evidence from China's SMEs," Technology in Society, Elsevier, vol. 75(C).
  49. Xiao, Zumian & Wang, Shuhan & Zhang, Yepeng & Si, Deng-Kui, 2023. "Power of competition: Unraveling the impact of China's fair competition review system implementation on firm innovation," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1561-1581.
  50. Muhammad Afaq Haider & Muhammad Asif Khan & Shamila Saddique & Shujahat Haider Hashmi, 2017. "The Impact of Stock Market Performance on Foreign Portfolio Investment in China," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 460-468.
  51. Hu, Guoqiang & Sun, Wenxiang & Xu, Yuanzheng & Mao, Hong-an, 2025. "Executive accountability systems and the financial investments of state-owned enterprises in China," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
  52. Zhang, Xiaoliang & Zheng, Xiaojia, 2024. "Does carbon emission trading policy induce financialization of non-financial firms? Evidence from China," Energy Economics, Elsevier, vol. 131(C).
  53. Wahidin, Deni & Akimov, Alexandr & Roca, Eduardo, 2021. "The impact of bond market development on economic growth before and after the global financial crisis: Evidence from developed and developing countries," International Review of Financial Analysis, Elsevier, vol. 77(C).
  54. Yundan Guo & Han Liang & Li Shen, 2025. "Digital Transformation and Corporate Financial Asset Allocation: Evidence from China," Papers 2509.09095, arXiv.org.
  55. Engelbert Stockhammer, 2012. "Financialization," Chapters, in: Jan Toporowski & Jo Michell (ed.), Handbook of Critical Issues in Finance, chapter 17, pages i-ii, Edward Elgar Publishing.
  56. Liu, Zehao & Tang, Huoqing & Zhang, Chengsi, 2023. "Corporate governance, moral hazard, and financialization," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 318-331.
  57. Özlem Onaran & Cem Oyvat & Eurydice Fotopoulou, 2019. "The effects of gender inequality, wages, wealth concentration and fiscal policy on macroeconomic performance," FMM Working Paper 50-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  58. Zeng, Xiaoming & Chen, Hao & Yin, Yanzhao & Liu, Youjin, 2024. "CEOs’ financial work experience and firms’ outbound investments," Journal of Multinational Financial Management, Elsevier, vol. 74(C).
  59. Ye, Yongwei & Kong, Dongmin & Li, Renzhi & Li, Xiaofan & Tao, Yunqing, 2024. "Online judicial auction, loan availability, and corporate investment in China," The British Accounting Review, Elsevier, vol. 56(6).
  60. Feng, Yumei & Yao, Shouyu & Wang, Chunfeng & Liao, Jing & Cheng, Feiyang, 2022. "Diversification and financialization of non-financial corporations: Evidence from China," Emerging Markets Review, Elsevier, vol. 50(C).
  61. Liu, Xiangsheng & Lv, Lingli, 2023. "The effect of China's low carbon city pilot policy on corporate financialization," Finance Research Letters, Elsevier, vol. 54(C).
  62. Alexandre Messa, 2012. "Structural Change in The Brazilian Economy in The 2000s," Discussion Papers 1770, Instituto de Pesquisa Econômica Aplicada - IPEA.
  63. Chen, Shihua & Wang, Cuifang, 2025. "The impact of CEO marital status on corporate financialization," International Review of Economics & Finance, Elsevier, vol. 102(C).
  64. Zhang, Baizhen & Guo, Meiting, 2025. "Strong financial regulation and the intelligent transformation of enterprises," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 186-207.
  65. Qi, Yong & Yang, Yudi & Yang, Shuo & Lyu, Simeng, 2021. "Does government funding promote or inhibit the financialization of manufacturing enterprises? Evidence from listed Chinese enterprises," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
  66. Zhongbo Jing & Shiyu Lu & Yang Zhao & Jun Zhou, 2023. "Economic policy uncertainty, corporate investment decisions and stock price crash risk: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 1477-1502, April.
  67. Hu, Shuya & Wang, Shengnian, 2024. "Does air pollution affect the accrual anomaly in the Chinese capital market? From the perspective of investment adjustment strategy," Research in International Business and Finance, Elsevier, vol. 69(C).
  68. Xing Zhao & Xiangqian Li & Changman Ren, 2023. "Can digital transformation reduce corporate stock price crashes?," PLOS ONE, Public Library of Science, vol. 18(12), pages 1-22, December.
  69. Zhu, Bo & Wu, Shaoqian, 2025. "Green governance and value relevance of earnings," International Review of Financial Analysis, Elsevier, vol. 102(C).
  70. Yucheng Zhou & Jinchang Chen & Shinong Wu & Lihong Wang, 2025. "Gambling culture, corporate risk preference and bond risk premium," Review of Quantitative Finance and Accounting, Springer, vol. 64(1), pages 119-161, January.
  71. Zhen Wang & Hongyan Zhao, 2025. "A configuration analysis of the driving path of corporate physical investments: Necessary condition analysis and qualitative comparative analysis based on fuzzy sets," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 681-697, January.
  72. Yan Sun & Wei Huang, 2022. "Quasi-maximum likelihood estimation of short panel data models with time-varying individual effects," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 85(1), pages 93-114, January.
  73. Fang, Zhenming & Li, Ruijiang & Smith, David & Liao, Jing, 2025. "Does shadow banking regulation constrain the idiosyncratic risk of firms? evidence from a quasi-natural experiment in China," Research in International Business and Finance, Elsevier, vol. 77(PA).
  74. Yang, Zhenbing & Zhao, Ziyi & Shao, Shuai & Yang, Lili, 2023. "Carbon regulation and enterprise investment: Evidence from China," Energy Economics, Elsevier, vol. 128(C).
  75. Costas Lapavitsas & Aylin Soydan, 2020. "Financialisation in developing countries: Approaches, concepts, and metrics," Working Papers 240, Department of Economics, SOAS University of London, UK.
  76. He, Feng & Duan, Lin & Cao, Yi & Wen, Shuyang, 2024. "Green credit policy and corporate climate risk exposure," Energy Economics, Elsevier, vol. 133(C).
  77. DemIr, FIrat, 2009. "Capital Market Imperfections and Financialization of Real Sectors in Emerging Markets: Private Investment and Cash Flow Relationship Revisited," World Development, Elsevier, vol. 37(5), pages 953-964, May.
  78. Lai, Li & Lan, Chundan & Wu, Shan, 2024. "Are managers with investment bank experience myopic?," Journal of Business Research, Elsevier, vol. 183(C).
  79. Liu, Xiaoying & Wang, Yujing & Li, Meng & Gao, Haoyu, 2024. "The importance of speed to corporate financial asset holdings: Evidence from high-speed rail," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
  80. Bo Song & Xiandong Yang & Yao Xu, 2024. "The Impact of Financial Asset Allocation on Firms’ Total Factor Productivity: Evidence from China’s Non-Financial Companies," Sustainability, MDPI, vol. 17(1), pages 1-19, December.
  81. Davis, Leila & de Souza, Joao & Kim, YK. & Rella, Giacomo, 2023. "What are firms borrowing for? The role of financial assets," Economic Modelling, Elsevier, vol. 125(C).
  82. Ning, Zihao & Xu, Zhibo & Zheng, Pengju, 2024. "The impact of common institutional ownership on financialization in non-financial enterprise: Exacerbation or inhibition?," Finance Research Letters, Elsevier, vol. 69(PB).
  83. Shangkun Liang & Weizhi Xue & Dan Yang, 2024. "Can government supervision alleviate the deviation of enterprises from the real economy to the financial sector: Evidence from China," Economics and Politics, Wiley Blackwell, vol. 36(2), pages 989-1019, July.
  84. Tori, Daniele & Onaran, Özlem, 2017. "Financialisation and Physical Investment: A global race to the bottom in accumulation?," Greenwich Papers in Political Economy 20981, University of Greenwich, Greenwich Political Economy Research Centre.
  85. Zhang, Hailiang & Li, Yao & Wang, Haijun & Yin, Lei, 2025. "Expansion or retrenchment: Corporate investment reactions to external security risks," Research in International Business and Finance, Elsevier, vol. 73(PA).
  86. Cem Oyvat & Oğuz Öztunalı & Ceyhun Elgin, 2020. "Wage‐led versus profit‐led demand: A comprehensive empirical analysis," Metroeconomica, Wiley Blackwell, vol. 71(3), pages 458-486, July.
  87. Ömer T. Doruk, 2022. "Neither Parasite nor Paragon: Are Business Groups a Source of Competitive Power?," Prague Economic Papers, Prague University of Economics and Business, vol. 2022(2), pages 143-168.
  88. Sam Ashman & Ben Fine & Ewa Karwowski, 2021. "The Relevance of Financialization for African Economies: Lessons from South Africa," Working Papers 245, Department of Economics, SOAS University of London, UK.
  89. Wenjing Yu & Qilin Zhan & Waqar Ameer & Xiaohui Zeng, 2025. "Impact of transaction-oriented financial assets on firm innovation in China: effects of liquid reserve and risk mitigation," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.
  90. Gao, Haoyu & Wen, Huiyu & Wang, Xingjian, 2022. "Pandemic effect on corporate financial asset holdings: Precautionary or return-chasing?," Research in International Business and Finance, Elsevier, vol. 62(C).
  91. Fan, Mengke & Chen, Dan & Lei, Yusen, 2025. "How government accounting supervision affects corporate financialization? Evidence from random inspections by China's ministry of finance," International Review of Economics & Finance, Elsevier, vol. 103(C).
  92. Roberto Veneziani & Luca Zamparelli & Leila E. Davis, 2017. "Financialization And Investment: A Survey Of The Empirical Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1332-1358, December.
  93. Ewa Karwowski & Hanna Szymborska & Keagile Lesame & Tlhologelo Thoka, 2022. "Determinants of corporate cash holdings in South Africa," WIDER Working Paper Series wp-2022-85, World Institute for Development Economic Research (UNU-WIDER).
  94. Zhong, Tingyong & Duan, Ying & Ding, Zhiguo, 2024. "How bankruptcy system innovation affects firm investment behavior: A quasi-natural experiment based on the establishment of bankruptcy courts in China," International Review of Financial Analysis, Elsevier, vol. 96(PB).
  95. Dong, Jichang & Liu, Xiaoting & Ji, Kangxian & Li, Xiuting & Dong, Zhi, 2023. "Peer Effects in Financial Investment of Board-interlocked Firms: An Information Sharing Perspective," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1490-1508.
  96. Demir, Firat, 2010. "Exchange Rate Volatility and Employment Growth in Developing Countries: Evidence from Turkey," World Development, Elsevier, vol. 38(8), pages 1127-1140, August.
  97. Guo, Yumei & Huang, Xianjing & Peng, Yuchao, 2020. "How does house price influence monetary policy transmission?," International Review of Financial Analysis, Elsevier, vol. 72(C).
  98. Guo, Chong & Jiang, Yalin & Yu, Fang & Wu, Yingyu, 2023. "Does environmental information disclosure promote or prohibit financialization of non-financial firms? Evidence from China," The Quarterly Review of Economics and Finance, Elsevier, vol. 92(C), pages 200-214.
  99. Kong, Dongmin & Liu, Chenhao & Ye, Wenxu, 2023. "Randomized inspection and firm's government subsidies: A natural experiment in China," China Economic Review, Elsevier, vol. 82(C).
  100. Giampaolo Gabbi & Elisa Ticci, 2014. "Implications of financialisation for sustainability," Working papers wpaper47, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
  101. Ömer Tuğsal Doruk & Bahadır Ergün, 2023. "Friend or foe? The link between agency cost and financialization in Turkey," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1689-1705, April.
  102. Yang, Jizhe & Jiang, Tingfeng & Wen, Xingchun & Dai, Lu, 2024. "Time-varying and spillover effects of the macroeconomy on nonfinancial corporate financialization: Evidence from China," Journal of Asian Economics, Elsevier, vol. 90(C).
  103. Liu, Qi & Wu, Jiejie, 2025. "Financial regulation and corporate social responsibility: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 89(C).
  104. Liu, Ruiming & Yan, Haosheng & Zhang, Zebang, 2024. "Does historic preservation affect firms' output? Evidence from the awarding of the Historic City title in China," China Economic Review, Elsevier, vol. 85(C).
  105. Alessandro Federici & Pierluigi Montalbano, 2012. "Macroeconomic volatility, consumption behaviour and welfare: A cross-country analysis," Working Paper Series 3612, Department of Economics, University of Sussex Business School.
  106. Ewa Karwowski & Engelbert Stockhammer, 2017. "Financialisation in emerging economies: a systematic overview and comparison with Anglo-Saxon economies," Economic and Political Studies, Taylor & Francis Journals, vol. 5(1), pages 60-86, January.
  107. Xuan, Siyuan & Song, Daqiang & You, Guomin, 2024. "Financial risk prevention and corporate green innovation: A quasi-natural experiment based on the new asset management regulation," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
  108. Tori, Daniele & Onaran, Özlem, 2017. "The effects of financialisation and financial development on investment: evidence from firm-level data in Europe," Greenwich Papers in Political Economy 16089, University of Greenwich, Greenwich Political Economy Research Centre.
  109. Hui Wang & Shu Xu, 2022. "Heterogeneity Effect of Corporate Financialization on Total Factor Productivity," Sustainability, MDPI, vol. 14(11), pages 1-17, May.
  110. Huang, Bingbing & Cui, Yuying & Chan, Kam C., 2022. "Firm-level financialization: Contributing factors, sources, and economic consequences," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 1153-1162.
  111. Xiangyang Li & Guochao Liu & Yufei Zhao & Yanhan Sun & Jianluan Guo, 2024. "Regional Green Development and Corporate Financialization: A Quasi-Natural Experiment on the Ecological Conservation and High-Quality Development of the Yellow River Basin," Sustainability, MDPI, vol. 16(11), pages 1-19, May.
  112. Leila Davis & Shane McCormack, 2021. "Industrial stagnation and the financialization of nonfinancial corporations," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 459-491, December.
  113. Hwan-Joo Seo & Han Sung Kim & Joonil Kim, 2016. "Does Shareholder Value Orientation or Financial Market Liberalization Slow Down Korean Real Investment?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(4), pages 633-660, December.
  114. repec:idn:journl:v:21:y:2018:i:1:p:1-10 is not listed on IDEAS
  115. Hou, Qingsong & Tang, Xiaofang & Teng, Min, 2021. "Labor costs and financialization of real sectors in emerging markets," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
  116. Li, Xing & Shen, Guangjun, 2023. "Do tax incentives decelerate corporate financialization? Evidence from the VAT reform in China," Economic Modelling, Elsevier, vol. 125(C).
  117. Yingying Qin & Yishan Zhang & Yu‐en Lin & Jingbo Hu, 2025. "Organization Capital and Corporate Financialization: Evidence From China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(3), pages 1701-1720, April.
  118. Tang, Huoqing & Zhang, Chengsi, 2019. "Investment risk, return gap, and financialization of non-listed non-financial firms in China⁎," Pacific-Basin Finance Journal, Elsevier, vol. 58(C).
  119. Yumeng Wu & Haiying Pan, 2024. "Zombie firms and corporate financialization: evidence from China," Review of Managerial Science, Springer, vol. 18(4), pages 1077-1099, April.
  120. Predrag Ćetković & Engelbert Stockhammer, 2010. "Finanzialisierung und Investitionsverhalten von Industrie-Aktiengesellschaften in Österreich," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 36(4), pages 453-479.
  121. Yingying Zhou & Yuehan Du & Fengyi Lei & Ziru Su & Yifei Feng & Jie Li, 2021. "Influence of Financialization of Heavily Polluting Enterprises on Technological Innovation under the Background of Environmental Pollution Control," IJERPH, MDPI, vol. 18(24), pages 1-21, December.
  122. Yang, Tingting & Liu, Xiaomin & Xu, Botong, 2025. "Does the financialization of entity enterprises hinder efficient growth?," Finance Research Letters, Elsevier, vol. 84(C).
  123. Zhang, Haolin & Feng, Yongqi & Wang, Ying & Ni, Juan, 2024. "Peer effects in corporate financialization: The role of Fintech in financial decision making," International Review of Financial Analysis, Elsevier, vol. 94(C).
  124. Guanchun Liu & Chien-Chiang Lee, 2018. "Financialization and Stagnant Capital Accumulation in China," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 21(1), pages 23-32, July.
  125. Zhang, Chengsi & Zheng, Ning, 2020. "Monetary policy and financial investments of nonfinancial firms: New evidence from China," China Economic Review, Elsevier, vol. 60(C).
  126. Zifeng Zhong & Kunming Li, 2024. "“Crowding Out” or “Reservoir Effect”? Unraveling the Impact of Financialization on Green Innovation in Heavy Polluting Enterprises: Evidence from China’s Listed Companies," Sustainability, MDPI, vol. 16(16), pages 1-20, August.
  127. Mengtao Chen & Haojie Zhu & Yongming Sun & Ruoxi Jin, 2023. "The impact of housing macroprudential policy on firm innovation: empirical evidence from China," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
  128. Litan Wang & Kefei You & Hui Chen, 2025. "Financial investment by non-financial firms: does it affect audit quality?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 29(3), pages 699-733, September.
  129. Li, Xiao-Lin & Qiu, Guojing & Ding, Hui, 2022. "The impact of exchange rate policy uncertainty shock on Chinese energy firms' risk-taking," Energy Economics, Elsevier, vol. 105(C).
  130. Karsten Köhler & Alexander Guschanski & Engelbert Stockhammer, 2015. "How does financialisation affect functional income distribution? A theoretical clarification and empirical assessment," Economics Discussion Papers 2015-5, School of Economics, Kingston University London.
  131. Annina Kaltenbrunner & Juan Pablo Painceira, 2016. "International and Domestic Financialisation in Middle Income Countries; The Brazilian Experience," Working papers wpaper146, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
  132. Mingjin Luo & Shenqguan Wang, 2023. "Financialization and sluggish recovery of firms' investment: Global evidence from the 2007–2008 financial crisis," International Finance, Wiley Blackwell, vol. 26(3), pages 344-363, December.
  133. Lin, Cuiliang & Long, Yue'e, 2025. "Hometown CEOs and corporate financialization✰," Finance Research Letters, Elsevier, vol. 76(C).
  134. Sebastiano Cupertino & Costanza Consolandi & Alessandro Vercelli, 2019. "Corporate Social Performance, Financialization, and Real Investment in US Manufacturing Firms," Sustainability, MDPI, vol. 11(7), pages 1-15, March.
  135. Ke Guo & Xuemeng Guo & Jun Zhang, 2023. "Financial asset allocation duality and enterprise upgrading: empirical evidence from the Chinese A-share market," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
  136. Tan, Weijie & Liu, Yiqian & Teng, Mingming, 2025. "When ESG news talks: How media sentiment shapes corporate financial behavior in China," Global Finance Journal, Elsevier, vol. 67(C).
  137. Deng, Changzhe & Su, Zhifang & Feng, Yufang, 2024. "Extreme climate and corporate financialization: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 306-321.
  138. Zeng, Jing & Chan, Kam C., 2023. "The tax incentives and corporate cash holdings: Evidence from a quasi-natural experiment of an accelerated depreciation tax policy for fixed assets," International Review of Financial Analysis, Elsevier, vol. 88(C).
  139. Xue, Lixing & Chen, Chong & Wang, Na & Zhang, Lirong, 2023. "Gambling culture and corporate financialization: Evidence from China's welfare lottery sales," Pacific-Basin Finance Journal, Elsevier, vol. 78(C).
  140. Gongjin Hu & Ying Yu & Qinwen Wang, 2023. "Do local governments’ energy-saving target constraints inhibit financialization? Evidence from nonfinancial listed firms in China," PLOS ONE, Public Library of Science, vol. 18(5), pages 1-20, May.
  141. Li, Chang & Hua, Yongjun, 2025. "The effect of corporate executives’ academic experience on firm financialization — Evidence from listed manufacturing firms in China," Research in International Business and Finance, Elsevier, vol. 73(PA).
  142. Liao, Yinchao & Wang, Jun & Liao, Wenru & Shu, Xiaoyang & Li, Zhiyong, 2024. "Buffer or substitute? Corporate financialization and leverage manipulation," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
  143. Ruo-Yu Zhu & Ke-Hu Tan & Xiao-Hui Xin, 2023. "Can the Opening of High-Speed Railway Restrain Corporate Financialization?," Sustainability, MDPI, vol. 15(6), pages 1-23, March.
  144. Wang, Yuqin & Liu, Chengkui & Wang, Hao & Javaid, Mudaser, 2024. "Digital economy empowers enterprises to decrease financialization: evidence from e-commerce demonstration cities," Finance Research Letters, Elsevier, vol. 67(PA).
  145. Tian, Erxia & Zhong, Meihua & Sun, Mengna & Ma, Dong, 2024. "CEO “anomaly” compensation incentives and financial investment: Evidence from the SOEs of China," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 359-377.
  146. Zhang, Zebang & Yan, Haosheng & Liu, Ruiming, 2024. "Constrained growth: Does land supply restriction affect manufacturing firm output?," Economic Modelling, Elsevier, vol. 136(C).
  147. Ömer Tuğsal Doruk, 2024. "The Link Between R&D and Financing Constraints in Manufacturing Sectors for Two Emerging Markets," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12596-12621, September.
  148. Chen, Yan & Sun, Ruiqi, 2023. "Corporate financialization and the long-term use of short-term debt: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
  149. Zhongchao Wang & Shaoni Zhou & Yuping Zhou & Hao Yang, 2024. "The impact of CEOs' early‐life experience on the financialization of non‐financial firms: Evidence from the great Chinese famine," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1609-1626, April.
  150. Chen, Lirong & Long, Yuxuan & Tang, Xuemei & Wang, Jiani, 2025. "Can accounts receivable factoring restrain corporate financialization? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 98(C).
  151. Cavallo, Eduardo & Galindo, Arturo & Izquierdo, Alejandro & León, John Jairo, 2013. "The role of relative price volatility in the efficiency of investment allocation," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 1-18.
  152. Li Fan & Jie He, 2023. "The Impact of Gambling Culture on Entity Financialization," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
  153. Li, Ruitao & Xia, Yanchun & He, Taisen & Peng, Xiaobing, 2025. "Lost in excess capital: Labor market consequences of IPO oversubscription in China," Pacific-Basin Finance Journal, Elsevier, vol. 93(C).
  154. Joseph ZUVA & Tranos ZUVA & Pinias CHIKUVADZE, 2023. "Interrogating Organisational Deviance Through A Corporate Governance Lens," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(3), pages 33-43, September.
  155. Cheng, Teng Yuan & Dong, Liang & Dong, Yuxuan & Lam, Keith S.K., 2025. "How does climate risk affect corporate financialization?," Research in International Business and Finance, Elsevier, vol. 78(C).
  156. Zhang, Jianwei & Luan, Shenzhou, 2025. "Analysis of the impact of rent-seeking on corporate financial asset allocation," Finance Research Letters, Elsevier, vol. 80(C).
  157. Yuan, Zhengrong & Yu, Qiuzuo, 2025. "Shadow banking contraction and employment decisions in manufacturing firms: Empirical evidence from China's new asset management regulations," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 131-149.
  158. Xu, Xingmei & Xuan, Chao, 2021. "A study on the motivation of financialization in emerging markets: The case of Chinese nonfinancial corporations," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 606-623.
  159. Jiang, Kangqi & Chen, Zhongfei & Chen, Fanglin, 2022. "Green creates value: Evidence from China," Journal of Asian Economics, Elsevier, vol. 78(C).
  160. Gong, Cynthia M. & Gong, Pu & Jiang, Mengting, 2023. "Corporate financialization and investment efficiency: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
  161. Guan Ping Zhu & He Fa Gui & Tao Peng & Chong Hui Jiang, 2023. "Corporate tax avoidance and corporate financialization: The moderating effect of managerial myopia," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 459-472, January.
  162. Mao, Fengfu & Yuan, Yue & Zhang, Fan, 2025. "Firm-level perception of uncertainty, risk aversion, and corporate real estate investment: Evidence from China's listed firms," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1428-1441.
  163. Zhao, Feng & Liu, Yuxuan & Dou, Yue & Su, Bin, 2025. "Climate change risks and corporate financialization: Friend or foe? A theoretical and empirical analysis," Energy Economics, Elsevier, vol. 149(C).
  164. Si, Deng-Kui & Zhuang, Jiali & Ge, Xinyu & Yu, Yong, 2024. "The nexus between trade policy uncertainty and corporate financialization: Evidence from China," China Economic Review, Elsevier, vol. 84(C).
  165. Long, Houyin & Huang, Xiang & Wang, Jiaxin, 2023. "How does energy finance promote energy transition? Evidence from Shanghai crude oil futures," International Review of Financial Analysis, Elsevier, vol. 90(C).
  166. Hao Hu & Zi Ye, 2025. "Does Smart City Construction Inhibit Corporate Financialization? Evidence from China," Sustainability, MDPI, vol. 17(3), pages 1-22, January.
  167. Zhenghui Li & Yan Wang & Yong Tan & Zimei Huang, 2020. "Does Corporate Financialization Affect Corporate Environmental Responsibility? An Empirical Study of China," Sustainability, MDPI, vol. 12(9), pages 1-19, May.
  168. Hui Wang & Qing Wang & Xia Sheng, 2021. "Does Corporate Financialization Have a Non-Linear Impact on Sustainable Total Factor Productivity? Perspectives of Cash Holdings and Technical Innovation," Sustainability, MDPI, vol. 13(5), pages 1-17, February.
  169. Ömer Tuğsal Doruk, 2022. "The link between exchange rate volatility and capital structure under financial liberalization: evidence from the Turkish manufacturing sector," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(3), pages 583-615, September.
  170. Shuxia Zhang & Xiangyang Yin & Liping Xu & Ziyu Li & Deyue Kong, 2022. "Effect of Environmental, Social, and Governance Performance on Corporate Financialization: Evidence from China," Sustainability, MDPI, vol. 14(17), pages 1-20, August.
  171. Yu, Shuangli, 2025. "In the shadow of banks: Entrusted wealth management and capital allocation efficiency," Finance Research Letters, Elsevier, vol. 76(C).
  172. Zhao, Qing & Gan, Yihan & Song, Lijun & Fan, Suqing, 2025. "Research on the impact of corporate financialization on debt financing level: From the dual perspectives of risk-taking and earnings management," International Review of Economics & Finance, Elsevier, vol. 103(C).
  173. Yang, Yang & Chen, Jingzhi & Liu, Shuwen & Li, Jun, 2025. "The impact of digital transformation on corporate shadow banking," International Review of Financial Analysis, Elsevier, vol. 108(PB).
  174. Wu, Ziqing & Chen, Leyi, 2025. "Does oil price uncertainty affect corporate total factor productivity? Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
  175. Aibai, Abuduwali & Peng, Yuchao & Shen, Peiyi & Xu, Hongmei, 2022. "Can local policy uncertainty curtail corporate speculation on financial assets?," International Review of Financial Analysis, Elsevier, vol. 83(C).
  176. Fei Nie & Jian Li & Xiaoli Etienne & Gucheng Li, 2023. "Impact of Outward Foreign Direct Investment on Chinese Manufacturing Firms' Financialization and Servitization," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 31(2), pages 112-136, March.
  177. Tudi, Tayier & Wu, Ji & Chen, Minghua & Jeon, Bang Nam, 2025. "Does foreign demand affect corporate financialization? Some evidence from China," Emerging Markets Review, Elsevier, vol. 65(C).
  178. Long Miao & Yue Zhuo & Haojun Wang & Bei Lyu, 2022. "Non-Financial Enterprise Financialization, Product Market Competition, and Total Factor Productivity of Enterprises," SAGE Open, , vol. 12(2), pages 21582440221, May.
  179. Demir, Firat & Hu, Chenghao & Liu, Junyi & Shen, Hewei, 2022. "Local corruption, total factor productivity and firm heterogeneity: Empirical evidence from Chinese manufacturing firms," World Development, Elsevier, vol. 151(C).
  180. Dong, Yan & Ge, Ran, 2025. "Does capital-oriented reform encourage financialization? Evidence from state enterprises in China," Finance Research Letters, Elsevier, vol. 76(C).
  181. Xuejun Jin & Qiyun Xie, 2024. "The Impact of Digital Transformation on Excessive Financialization in the Real Economy," Sustainability, MDPI, vol. 16(23), pages 1-23, November.
  182. Fang Yang & Xu Li, 2023. "Corporate Financialization, ESG Performance and Sustainability Development: Evidence from Chinese-Listed Companies," Sustainability, MDPI, vol. 15(4), pages 1-28, February.
  183. Wang, Ting & Xu, Jiani & Yang, Liuyong, 2024. "Financial geographic density and corporate financial asset holdings: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
  184. Yang, Baochen & Chen, Fengrui, 2023. "The financialization of nonfinancial companies in China: A macroeconomic perspective," Finance Research Letters, Elsevier, vol. 53(C).
  185. Lin, Yongjia & Deng, Hong & Wang, Yizhi, 2025. "Institutional investors’ site visits and corporate financialization in China," International Review of Financial Analysis, Elsevier, vol. 97(C).
  186. Zhang, Ziqi & Su, Zhi & Tong, Fang, 2023. "Does digital transformation restrain corporate financialization? Evidence from China," Finance Research Letters, Elsevier, vol. 56(C).
  187. Trinh, Q. Long & Morgan, Peter J. & Sonobe, Tetsushi, 2020. "Investment behavior of MSMEs during the downturn periods: Empirical evidence from Vietnam," Emerging Markets Review, Elsevier, vol. 45(C).
  188. Qian Sun & Bangling Ni & Yu Song & Xiangfei Fu, 2026. "Supervision of not-for-profit minority institutional shareholder and total factor productivity of listed companies: evidence from China," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 13(1), pages 1-16, December.
  189. Young Soo Lee & Han Sung Kim & Seo Hwan Joo, 2020. "Financialization and Innovation Short-termism in OECD Countries," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(2), pages 259-286, June.
  190. Ewa Karwowski, 2017. "Corporate financialisation in South Africa: From investment strike to housing bubble," Economics Discussion Papers 2017-7, School of Economics, Kingston University London.
  191. Zheng, Liyuan & Zhang, Sheng & Gao, Di & Liu, Jingwei, 2025. "How does digital investment drive real-sector engagement? Theoretical and empirical evidence," International Review of Financial Analysis, Elsevier, vol. 108(PB).
  192. Chong Li & Qiuge Yao & Jing Wu & Daoyuan Wang, 2019. "Financialization and Risk Taking of Non-Financial Corporations Empirical Evidence from Chinese Listed Companies," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(3), pages 1-5.
  193. li xu & zhi Fu & yingzhi xu & zhengqing zhou, 2025. "Rivaling reinforcement and resource reallocation: How do industrial robots enhance company’s innovation?," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
  194. Wang, Hanying & Qi, Ju & Li, Zhuohua & Sensoy, Ahmet & Xing, Hongwei, 2024. "Excessive financialization and “Original Sin Theory”: Redemption from corporate reputation," Research in International Business and Finance, Elsevier, vol. 70(PA).
  195. Ju, Chunhua & Fang, Xusheng & Shen, Zhonghua, 2024. "Investor attention and corporate financialization: Evidence from internet search volume," International Review of Financial Analysis, Elsevier, vol. 96(PA).
  196. Gu, Leilei & Liu, Zhongyang & Ma, Sichao & Wang, Hongyu, 2022. "Social trust and corporate financial asset holdings: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 82(C).
  197. Daniele Tori & Özlem Onaran, 2018. "The effects of financialization on investment: evidence from firm-level data for the UK," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(5), pages 1393-1416.
  198. Yongkui Li & Xiaokang Liu, 2024. "The Influence of Non-Financial Enterprises’ Shadow Banking on Innovation Quality Under Economic Policy Uncertainty," SAGE Open, , vol. 14(3), pages 21582440241, August.
  199. Benita, Francisco & López-Ramos, Francisco & Nasini, Stefano, 2019. "A bi-level programming approach for global investment strategies with financial intermediation," European Journal of Operational Research, Elsevier, vol. 274(1), pages 375-390.
  200. Li, Mengzhe & Lin, Qianru & Lan, Fei & Zhan, Zhimin & He, Zhongshi, 2023. "Trade policy uncertainty and financial investment: Evidence from Chinese energy firms," Energy Economics, Elsevier, vol. 117(C).
  201. Kangqi Jiang & Lulu Chen & Jiayun Li & Xinyi Du, 2025. "The risk effects of corporate digitalization: exacerbate or mitigate?," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-19, December.
  202. Feng He & Longxuan Chen & Jing Hao & Dongfeng Chang, 2025. "Futures Trading and Corporate Financialization: A Quasi‐Natural Experiment From the Launch of China's Crude Oil Futures," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 45(7), pages 732-751, July.
  203. Wang, Hua & Wang, Wei & Alhaleh, Shadi Emad Areef, 2021. "Mixed ownership and financial investment: Evidence from Chinese state-owned enterprises," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 159-171.
  204. Akcay, Ümit & Hein, Eckhard & Jungmann, Benjamin, 2021. "Financialisation and macroeconomic regimes in emerging capitalist economies before and after the Great Recession," IPE Working Papers 158/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  205. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
  206. Yang, Jinghao & Chen, Siyu, 2023. "Corporate financialization, digitalization and green innovation: A panel investigation on Chinese listed firms," Innovation and Green Development, Elsevier, vol. 2(3).
  207. Giovanni Scarano, 2019. "Capital accumulation and corporate portfolio choice between liquidity holdings and financialisation," Departmental Working Papers of Economics - University 'Roma Tre' 0243, Department of Economics - University Roma Tre.
  208. Gong, Xiao-Li & Dong, Ya-Li & Xiong, Xiong, 2025. "Institutional investor information network and corporate risk taking," Research in International Business and Finance, Elsevier, vol. 79(C).
  209. Ryszard Kata & Malgorzata Wosiek, 2020. "Capital Mobility as a Reason for Credit Booms in the Eurozone," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 718-738.
  210. Renzhi Li & Caihong Chen & Zhijie Han & Yuwei Wang, 2025. "Targeted monetary policy, SMEs’ loan availability, and corporate investment: evidence from China," Small Business Economics, Springer, vol. 65(4), pages 2465-2491, December.
  211. Yin, Libo & Lu, Man, 2022. "Oil uncertainty and firms' risk-taking," Energy Economics, Elsevier, vol. 108(C).
  212. Song, Simiao & Wang, Fan & Liu, Xia, 2024. "Impact of the regional financial reform on corporate financialization: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 96(PA).
  213. Firat Demir, 2009. "Financialization and Manufacturing Firm Profitability under Uncertainty and Macroeconomic Volatility: Evidence from an Emerging Market," Review of Development Economics, Wiley Blackwell, vol. 13(4), pages 592-609, November.
  214. Xu, Xiaodong & Mu, Yayu & Wang, Juan, 2023. "Corporate risk and financial asset holdings," Pacific-Basin Finance Journal, Elsevier, vol. 81(C).
  215. Chen Ma & Qian Liu & Ruiqing Cao & Zixuan Dai & Fei Guo, 2024. "Supply chain finance and firm strategic change: A firm life cycle perspective," Economics and Politics, Wiley Blackwell, vol. 36(3), pages 1604-1632, November.
  216. Woocheol Lee, 2022. "Domestic Share of Value-Added and the Development of Production Capabilities of Local Firms within Global Value Chains," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 47(2), pages 81-99.
  217. Hongying Yin & Xiaoyun Gong & Xiaofeng Quan & Annie Y. S. Li, 2024. "Local gambling preferences and corporate tax avoidance: Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 3413-3443, July.
  218. Wang, Jiaxin & Zhu, Zhaowei & Huang, Xiang, 2023. "Stock bubbles under sudden public crises: A perspective from the excessive financialization of firms," Finance Research Letters, Elsevier, vol. 57(C).
  219. Shan Xu & Lili Guo, 2023. "Financialization and Corporate Performance in China: Promotion or Inhibition?," Abacus, Accounting Foundation, University of Sydney, vol. 59(3), pages 776-817, September.
  220. Vedit Ä°nal, 2024. "On the Relationship between the Money Rate of Interest and Aggregate Investment Spending," Review of Radical Political Economics, Union for Radical Political Economics, vol. 56(2), pages 300-318, June.
  221. Yuanlin Wu & Cunzhi Tian & Guannan Wang, 2023. "Local Government Debt and Corporate Investment Behavior in China: Real versus Financial Investment," Sustainability, MDPI, vol. 15(22), pages 1-22, November.
  222. Yanwei Lyu & Jinning Zhang & Xinnian Qing & Yangyang Bai, 2025. "The influence of non‐financial enterprises' financialization on total factor productivity of enterprises: Promotion or inhibition?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 172-189, January.
  223. Alberto Botta & Eugenio Caverzasi & Daniele Tori, 2015. "Financial–Real-Side Interactions in an Extended Monetary Circuit with Shadow Banking: Loving or Dangerous Hugs?," International Journal of Political Economy, Taylor & Francis Journals, vol. 44(3), pages 196-227, July.
  224. Zhengjuan Xie & Jiang Du & Yongchao Wu, 2022. "Does financialization of non-financial corporations promote the persistence of innovation: evidence from A-share listed manufacturing corporations in China," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(2), pages 229-250, June.
  225. Wu, Yuqing & Huang, Wurui, 2025. "De-financialization and enterprise innovation: Quasi-natural experimental evidence from China's real estate regulation," International Review of Economics & Finance, Elsevier, vol. 101(C).
  226. Peng Hou & Mengting Zhou & Jiaqi Xu & Yue Liu, 2021. "Financialization, Government Subsidies, and Manufacturing R&D Investment: Evidence from Listed Companies in China," Sustainability, MDPI, vol. 13(22), pages 1-24, November.
  227. Gao, Di & Fan, Yanmei & Zhou, Jing, 2025. "Managing financial investments in supply chain networks: The roles of network power and control," International Journal of Production Economics, Elsevier, vol. 280(C).
  228. Detzer, Daniel, 2019. "Financialization made in Germany: A review," IPE Working Papers 122/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  229. Pelin Akçagün-Narin & Adem Yavuz Elveren, 2024. "Financialization and Militarization: An Empirical Investigation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 56(1), pages 70-100, March.
  230. Liu, Xiaoxing & Wu, Yizhong & Li, Xuemei, 2025. "How does ESG affect systemic tail risk?," International Review of Financial Analysis, Elsevier, vol. 103(C).
  231. Guo, Juanjuan & Sun, Hongfeng & Wang, Shihao & Liu, Chang, 2025. "Sword suppress virtual fire: Bank regulatory sanctions help companies shift from financial to real economic activities," International Review of Financial Analysis, Elsevier, vol. 108(PB).
  232. Wang, Hu, 2023. "Does the financial investment preference of renewable energy firms promote their advance towards sustainable development goals?," Renewable Energy, Elsevier, vol. 218(C).
  233. Engelbert Stockhammer, 2010. "Financialization and the Global Economy," Working Papers wp240, Political Economy Research Institute, University of Massachusetts at Amherst.
  234. Tori, Daniele & Onaran, Özlem, 2018. "Financialisation, financial development, and investment: evidence from European non-financial corporations," Greenwich Papers in Political Economy 22196, University of Greenwich, Greenwich Political Economy Research Centre.
  235. Liu, Tingting & Du, Yong & Tan, Shuying & Zhao, Shuhan, 2025. "Peer effect of nonfinancial corporate shadow banking: Evidence from common analyst networks in China," Global Finance Journal, Elsevier, vol. 68(C).
  236. Cheng, Chen & Zhang, Suge & Liu, Guanchun, 2024. "Family business origin and investment preference: An empirical study of imprinting theory," The British Accounting Review, Elsevier, vol. 56(5).
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.