Research Article
Study on the Influence of Financial Asset Allocation of Real Enterprises on the Sustainable Development
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327583, author={Yu Huang and Zhengchao Zhang}, title={Study on the Influence of Financial Asset Allocation of Real Enterprises on the Sustainable Development}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={financialization; sustainable development; measurement model}, doi={10.4108/eai.9-12-2022.2327583} }- Yu Huang
Zhengchao Zhang
Year: 2023
Study on the Influence of Financial Asset Allocation of Real Enterprises on the Sustainable Development
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327583
Abstract
With the arrival of big data period and digital economy, economic development has put forward higher requirements for the sustainable development of enterprises. This paper takes the A-share listed manufacturing enterprises in 2010-2021 as the research sample to explore the impact on the financial asset allocation of real enterprises on the sustainable development of. It is found that the financial asset allocation of real enterprises has a negative effect on the sustainable development of enterprises. Further testing found that the short-term wealth effects mechanism showed the cover-up effect between the two. Finally, the proposal is proposed to alleviate the real economy of the real economy, so as to guide the sustainable development of real enterprises.
