support was obtained from the Fundamental Research Funds for the Central Universities[Grant No.JBK2307090].
With intensifying global climate change,humanity is confronted with unparalleled environmental challenges and risks.This study employs the staggered difference-in-difference model to examine the relationship between c...
the Major Program of the National Social Science Fund of China“Study on Building a Community of a Shared Future between China and ASEAN in the Context of Accelerated Evolution of the Great Changes”(23&ZD333);The Bagui Scholars Program of Guangxi Zhuang Autonomous Region China-ASEAN Big Data Research"(2019A39).
This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018...
The impressive development of China's economy over the past few decades has enabled non-financial firms to adopt financial investment in exchange for enhanced financing behavior and short-term profit(shareholder value...
supported financially by the National Social Science Foundation of China(No.19CJY049);the National Natural Science Foundation of China(Nos.72173052,71803058,71873050);the Fundamental Research Funds from the Central Universities of China(No.2662022JGYJY02)。
This study examines the impact of outward foreign direct investment(OFDI)on Chinese manufacturing firms'financialization and servitization.Using a difference-in-differences approach with propensity score matching,we f...
financial support from the Ministry of Education Humanities and Social Sciences Research Project(No.15YJC790095);the Natural Science Foundation of China(No.71602022,71872040);the National Social Science Foundation of China(No.18BG1062,19ZDA097)
At its 19th National Congress,the Communist Party of China vowed to“strengthen the financial sector’s ability to serve the real economy.”However,many studies provide evidence of the opposite trend,a problematic“tr...
The power of social network platforms to amplify the scale,speed,and significance of everyday communication is increasingly weaponized against democracy.Analyses of social networks predominantly focus on design and it...
At the end of the twentieth century,two historical turns of economic inequality happened.Among the developed countries of the Global North,the secular trend of decreasing intra-national inequality turned into its oppo...
financial support from the National Natural Science foundation of China(Project ID:71762025);National Accounting Top Talents of the Ministry of Finance of China;the financial support from the Young Scholar Start-up Program of Shenzhen University(Project ID:85203/00000536)
This paper investigates whether zombie firms demonstrate a tendency to invest in the financial sector,a practice we term financialization strategy.Unlike those in the United States,Japan,and Europe,we find that zombie...
The United Nations Sustainable Development Goal 7 emphasizes the need for economies around the world to double their efforts in energy efficiency improvements.This is because improvements in energy efficiency can trig...
National Social Science Fund Project"Defect Recognition Criteria of Internal Control:Indicator Design,Influencing Factors and Economic Consequences"(71572069);Jinan University Research Fund for Scicntific Research and Innovation and Jinan Voyage Project(15JNYH008).
The trend that China's economy is being"off the real to the virtual"is a typical fact in recent years.A large number of firms invest and hold financial asscts,the investing and profit-generating channels of the real s...