Author(s)

Shuting He ¹

Affiliation(s)

¹ Department of Management, Ocean University of China, Qingdao, 266100, China

Corresponding Author

Shuting He

ABSTRACT

In recent years, the growth rate of the real economy has relatively slowed down, and a large number of enterprises have turned to the financial industry, resulting in the phenomenon of corporate financialization. Based on this, this paper takes non-financial listed companies in A-shares from 2010 to 2022 as the research sample to investigate the impact of corporate financialization on commercial credit financing. The results of the study show that corporate financialization can inhibit firms' access to commercial credit financing. The results of heterogeneity analysis show that the inhibitory effect of corporate financialization on commercial credit financing is more pronounced for firms in regions with a lower degree of digital finance development and firms in industries with a higher degree of competition in the product market. The results of this paper provide a new perspective for a comprehensive evaluation of the economic consequences of corporate financialization in China.

KEYWORDS

Corporate Financialization, Commercial Credit Financing, Operational Risk, Corporate Transparency

CITE THIS PAPER

Shuting He, A Study on the Impact of Corporate Financialization Based on Multiple Linear Regression Models. Financial Engineering and Risk Management (2024) Vol. 7: 170-175. DOI: http://dx.doi.org/10.23977/ferm.2024.070422.

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