E3S Web Conf.
Volume 214, 20202020 International Conference on Energy Big Data and Low-carbon Development Management (EBLDM 2020)
|Number of page(s)||6|
|Section||Machine Learning and Energy Industry Structure Forecast Analysis|
|Published online||07 December 2020|
Impact of Financialization on Operating Profit of Manufacturing Listed Companies
1 Sichuan University, Business School, Chengdu, P. R. China
2 Chongqing Chang’an Automobile Co., Ltd, Financial operation Department, Chongqing, P. R. China
This study employs a sample of manufacturing listed companies in China from fiscal year 2008 to 2018, analyzes their financial position and operating performance, and explores the impact of financialization on their operating profits. The results suggest that the financialization of manufacturing listed companies will restrain the growth of operating profit, that is the “crowding out” effect. This paper reminds the listed companies’ controlling shareholders of the economic consequences of financialization at the micro level and the significance of improving the company’s core competitiveness, further promotes companies to strengthen the internal control of financialization for sustainable development of the companies.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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