How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model.
Corporate financialization is a growing concern in China, and its impact on the main business of real enterprises is a crucial topic. This paper uses data from all A-share non-financial listed companies in China between 2013 and 2022 to establish a dynamic panel threshold model and test the effect o...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2025-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0317892 |
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| _version_ | 1832540274749865984 |
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| author | Baodong Chen Jing Li Jiayi Zhang |
| author_facet | Baodong Chen Jing Li Jiayi Zhang |
| author_sort | Baodong Chen |
| collection | DOAJ |
| description | Corporate financialization is a growing concern in China, and its impact on the main business of real enterprises is a crucial topic. This paper uses data from all A-share non-financial listed companies in China between 2013 and 2022 to establish a dynamic panel threshold model and test the effect of corporate financialization on enterprise performance. The empirical results indicate a threshold effect between the two variables, corporate financialization has both positive and negative effects on main business performance, with a threshold of 5.82%. Additionally, significant heterogeneous results are found for the nature of ownership, asset maturity, industry and regional distribution. |
| format | Article |
| id | doaj-art-b83aed4cae404f3fa9a87ea815bc2ee1 |
| institution | Kabale University |
| issn | 1932-6203 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-b83aed4cae404f3fa9a87ea815bc2ee12025-02-05T05:31:37ZengPublic Library of Science (PLoS)PLoS ONE1932-62032025-01-01201e031789210.1371/journal.pone.0317892How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model.Baodong ChenJing LiJiayi ZhangCorporate financialization is a growing concern in China, and its impact on the main business of real enterprises is a crucial topic. This paper uses data from all A-share non-financial listed companies in China between 2013 and 2022 to establish a dynamic panel threshold model and test the effect of corporate financialization on enterprise performance. The empirical results indicate a threshold effect between the two variables, corporate financialization has both positive and negative effects on main business performance, with a threshold of 5.82%. Additionally, significant heterogeneous results are found for the nature of ownership, asset maturity, industry and regional distribution.https://doi.org/10.1371/journal.pone.0317892 |
| spellingShingle | Baodong Chen Jing Li Jiayi Zhang How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model. PLoS ONE |
| title | How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model. |
| title_full | How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model. |
| title_fullStr | How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model. |
| title_full_unstemmed | How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model. |
| title_short | How corporate financialization affects main business performance-Empirical evidence based on a dynamic panel threshold model. |
| title_sort | how corporate financialization affects main business performance empirical evidence based on a dynamic panel threshold model |
| url | https://doi.org/10.1371/journal.pone.0317892 |
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