One important motivation for creating cap-and-trade programs for carbon emissions is the expectation that they will stimulate much-needed low-carbon innovation. I construct a new panel of British firm
This study examines the influence of the reduction in value-added tax (VAT) rates in China during 2018 and 2019 on corporate financialization. By employing a difference-in-differences model and utiliz
This study examines whether and how carbon trading policy impacts the financialization of non-financial firms, using China emission trading scheme as a quasi-natural experiment. We find that the carbo
Time: 2007 Q1 to 2023 Q4Space: Panel data for 25 provinces in China (excluding Henan, Hebei, Gansu, Tibet, Qinghai, Ningxia, Taiwan, Hong Kong and Macao, with Hebei, Henan and Gansu excluded due to di
Based on the perspective of performance pressure, we explore the influence of controlling shareholders’ share pledge on excessive financialization behavior of enterprises and its internal mechanism. T
