Department of Economics, Shanghai University, Shanghai, China
This paper uses the annual financial data of A-share listed non-financial enterprises from 2016 to 2020 to investigate the impact of enterprise The results show that: (1) holding short-term financial assets can improve corporate performance. (2) Enterprises holding long-term financial assets will inhibit the improvement of corporate performance. (2) Enterprises holding long-term financial assets will inhibit the improvement of corporate performance. (3) According to the nature of enterprise (3) According to the nature of enterprise property rights and industries, the impact of enterprise short-term financialization on corporate performance is more significant in manufacturing (3) According to the nature of enterprise property rights and industries, the impact of enterprise short-term financialization on corporate performance is more significant in manufacturing and non-state-owned enterprises, while the impact of enterprise long-term financialization on corporate performance is more significant in state- This paper analyzes different types of financial assets, and the research conclusion has important enlightenment for entity This paper analyzes different types of financial assets, and the research conclusion has important enlightenment for entity enterprises to reasonably allocate financial assets and government departments to strengthen financial supervision.
Enterprise Financialization, Company Performance, Long Term Financial Assets, Short Term Financial Assets
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