The year 2021 marks the 30th anniversary of commencing China-ASEAN(the Association of Southeast Asian Nations)Dialogue Relations.The two sides have yielded fruitful results in such three pillar areas as political secu...The year 2021 marks the 30th anniversary of commencing China-ASEAN(the Association of Southeast Asian Nations)Dialogue Relations.The two sides have yielded fruitful results in such three pillar areas as political security,economy and trade and people-to-people exchange.They have also forged the largest trading partnership,the most substantial cooperation partnership and the most dynamic strategic partnership.In the meantime,the United States’efforts to contain China by tightening alliance with its Asia-Pacific allies have adversely impacted China-ASEAN strategic partnership and posed new challenges to China-ASEAN relations and the security in China’s neighborhood.In view of such development。展开更多
This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018...This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018.Previous studies tend to conclude that female executives are risk averse,preventing firms from participating in high-risk financial investments.However,the results of this paper show that there is a positive relationship between the proportion of female executives and the degree of corporate financialization,with an increase of 1 percent in the proportion of female executives leading to an increase of 3.8 percent in the degree of corporate financialization.Further tests show that gender inequality is a possible mechanism influencing female executives'financial investment preferences in the unique gender culture context of China.This paper expands the research on the impact of non-institutional factors on corporate financialization,and also points out that unilaterally pursuing an increase in the proportion of female executives does not reduce the risk of corporate financialization,and that only an overall increase in the proportion of female executives can reduce the risk of corporate financialization.Improving gender equality at the social level can fundamentally reflect women's risk aversion characteristics and encourage enterprises to make more stable investment decisions.展开更多
文摘The year 2021 marks the 30th anniversary of commencing China-ASEAN(the Association of Southeast Asian Nations)Dialogue Relations.The two sides have yielded fruitful results in such three pillar areas as political security,economy and trade and people-to-people exchange.They have also forged the largest trading partnership,the most substantial cooperation partnership and the most dynamic strategic partnership.In the meantime,the United States’efforts to contain China by tightening alliance with its Asia-Pacific allies have adversely impacted China-ASEAN strategic partnership and posed new challenges to China-ASEAN relations and the security in China’s neighborhood.In view of such development。
基金the Major Program of the National Social Science Fund of China“Study on Building a Community of a Shared Future between China and ASEAN in the Context of Accelerated Evolution of the Great Changes”(23&ZD333)The Bagui Scholars Program of Guangxi Zhuang Autonomous Region China-ASEAN Big Data Research"(2019A39).
文摘This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018.Previous studies tend to conclude that female executives are risk averse,preventing firms from participating in high-risk financial investments.However,the results of this paper show that there is a positive relationship between the proportion of female executives and the degree of corporate financialization,with an increase of 1 percent in the proportion of female executives leading to an increase of 3.8 percent in the degree of corporate financialization.Further tests show that gender inequality is a possible mechanism influencing female executives'financial investment preferences in the unique gender culture context of China.This paper expands the research on the impact of non-institutional factors on corporate financialization,and also points out that unilaterally pursuing an increase in the proportion of female executives does not reduce the risk of corporate financialization,and that only an overall increase in the proportion of female executives can reduce the risk of corporate financialization.Improving gender equality at the social level can fundamentally reflect women's risk aversion characteristics and encourage enterprises to make more stable investment decisions.
基金Natural Science Foundation of Liaoning Province,China(201602558)Liaoning Provincial Department of Education Fund(L201748)Open Foundation of Key Lab of Fundamental Science for National Defense of Aeronautical Digital Manufacturing Process(SHSYS2017001)
