Does “Going Global” help to restrain enterprises’ financialization
The Belt and Road initiative as a quasi-natural experiment
Bibliographic Data
| ID | 8252297 |
|---|---|
| Authors | Yan Zhi (0000-0003-1826-8139), Zheng Li (0000-0002-7537-2509), Changyuan Luo (0000-0002-2851-3671) |
| Year | 2024 |
| Volume | 4 |
| Issue | 2 |
| Pages | 69-81 |
| Publication date | 2024-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | China Economic Quarterly International (JOURNAL) |
| Journal identifiers | ISSN: 2666-9331 • E-ISSN: 2666-9331 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.ceqi.2024.04.001 |
| OpenAlex | W4395681791 |
| Language | EN |
| Citations received | 1 |
| References cited | 5 |
This paper employs the difference-in-differences (DID) to investigate the impact of “going global” on enterprises' financialization. Baseline estimation shows that the degree of financialization of enterprises participating in the Belt and Road Initiative was lower compared with those not participating in the Initiative. Mechanism analysis reveals that “going global” through Belt and Road Initiative has improved enterprises' profitability of real sector investment and inhibited their motivation of financialization. These findings provide new perspectives for more effectively promoting enterprises to participate in the Belt and Road construction and helping inhibit enterprises’ financialization
Business · Financialization · Natural (archaeology · Natural experiment · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Mathematics · Political Economy and Marxism · Finance · Geology
| Citations per year | 1 |
|---|---|
| Citation span | 2025 - 2025 (1) |
| Highly cited | No |