Financial asset allocation duality and enterprise upgrading: empirical evidence from the Chinese A-share market

Abstract This study selects the financial data of Chinese non-financial listed companies from 2012 to 2021 as the research sample and empirically examines in detail the impact of financial asset allocation on enterprise upgrading and its mechanism. The study finds that financial assets have a dual i...

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Bibliographic Details
Main Authors: Ke Guo, Xuemeng Guo, Jun Zhang
Format: Article
Language:English
Published: Springer Nature 2023-05-01
Series:Humanities & Social Sciences Communications
Online Access:https://doi.org/10.1057/s41599-023-01683-1