We examine the relationship between digital transformation and corporate financialization
using Chinese-listed firms from 2007 to 2021. Results show that digital transformation …

This study investigates the impact of economic policy uncertainty (EPU) on the volatility of
European Union (EU) carbon futures prices and whether it has predictive power for the …

This paper examines whether and how business diversification affects financialization in
non-financial corporations. Using data from the Chinese market, we find that business …

Taking the implementation of the new environmental protection law in 2015 as a quasi-
natural experiment, we use the difference-in-differences (DID) approach to investigate the …

The carbon emission trading scheme influences firms' operation costs, which may induce
resource diversion to financial investments. By using a sample of Chinese A-share non …

We empirically examine the impact of economic policy uncertainty (EPU) on the investment
decision of China's high-tech manufacturing industry based on the company's investment …

This paper explores the effect of economic policy uncertainty (EPU) on industrial pollution
using China's real-time pollution data and a novel news-based EPU index constructed by …

The COVID-19 outbreak had a significant impact on business cash flows and investment
activities. This paper examined the COVID-19 impact on Chinese business investment in …

This study utilizes the upper echelons and time orientation theoretical frameworks to analyze
the impact of managers' temporal disposition on financial asset allocation within …

This study examines the impact of social trust on firms' holdings of non-currency financial
assets using a large sample of firms in China's real sector. We find that firms in regions of the …