Proceedings of the 2015 International Conference on Management Engineering and Management Innovation

Motivation, Economic Outcomes and Inspiration of "Financialization" in Non-financial Listed Companies

Authors
Xing-Yue Wang
Corresponding author
Wang
Keywords
Financialization, Real sector, Financial sector, Non-financial listed companies, Economic outcomes, Risk prevention.
Abstract
Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater influence over economic policy and economic outcomes. Financialization transforms the functioning of economic systems at both the macro and micro levels. Financialization operates through changes in the structure and operation of financial markets, changes in the behavior of non-financial corporations, and changes in economic policy. The principal impacts of this article are to: (1) elevate the significance of the financial sector relative to the real sector, (2) excavate the motivation, economic outcomes and inspiration of financialization in non-financial listed companies, (3) evaluate the risk of financialization and ways to prevent.
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