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Showing 1 to 1 of 1 for “"Investment substitution"”.
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MOTIVATIONS AND ECONOMIC CONSEQUENCES OF CORPORATE FINANCIALIZATION: EVIDENCE FROM CHINESE LISTED NON-FINANCIAL COMPANIES
… by motives such as preventive savings, investment substitution, shadow banking, and earnings management. The latter three motives are more pronounced than preventive savings, suggesting a speculative nature to the financialization trend, which separates these companies from the real …