The Impact of Financial Asset Allocation of Real Enterprises on Enterprise Value

DOI

10.2991/978-94-6463-256-9_65How to use a DOI?

Keywords

Financial asset; Enterprise value; Nature of the property rights

Abstract

This article examines the effects of real businesses’ financial asset allocation on enterprise value using the Shanghai and Shenzhen A-share listed companies from 2012 to 2021 as the research sample. According to the study, there is an ongoing “inverted U-shaped” relationship between enterprise value and financial asset allocation. The improvement of enterprise value will be hampered by excessive financial asset allocation, whereas moderate financial asset allocation will encourage it. Second, as opposed to state-owned businesses, non-state-owned businesses have a more substantial inverted U-shaped link between financial asset allocation and enterprise value. The conclusion of this paper has certain guiding significance for better promoting the financial services to the real economy and the high-quality development of enterprises.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zhengchao Zhang
AU  - Shuo Zhang
PY  - 2023
DA  - 2023/10/09
TI  - The Impact of Financial Asset Allocation of Real Enterprises on Enterprise Value
BT  - Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)
PB  - Atlantis Press
SP  - 637
EP  - 643
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-256-9_65
DO  - 10.2991/978-94-6463-256-9_65
ID  - Zhang2023
ER  -