Research on The Inhibitory Effect of Excessive Financialization on Manufacturing Productivity
DOI:
https://doi.org/10.54097/fbem.v5i3.2038Keywords:
Enterprise financialization, Total factor productivity.Abstract
This paper takes A-share manufacturing listed companies from 2008 to 2014 as the research object, and investigates the influence of financialization on total factor productivity of manufacturing enterprises. The results show that financialization can significantly inhibit the improvement of total factor productivity in manufacturing industry. The research of this paper provides micro-evidence for the influence of financialization on total factor productivity, and also provides policy enlightenment for guiding funds to "break away from reality to emptiness".
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