寻租行为对企业金融资产配置的影响分析

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-04-18 DOI:10.1016/j.frl.2025.107445

Jianwei Zhang , Shenzhou Luan

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引用次数: 0

摘要

本文利用2007-2022年中国上市公司的数据，对寻租行为对企业金融资产配置的影响进行了理论分析和实证检验。研究发现，寻租行为对企业金融资产配置有显著影响，特别是在非高新技术企业和信息透明度低、市场竞争程度高的企业。寻租通过降低融资成本影响企业金融资产的配置。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Analysis of the impact of rent-seeking on corporate financial asset allocation

Using 2007–2022 data from Chinese listed firms, this study theoretically analyses and empirically tests the impact of rent-seeking on corporate financial asset allocation. Findings show that rent-seeking contributes significantly to the allocation of corporate financial assets Especially in non-high-tech firms and those with low information transparency as well as high degree of market competition. Rent-seeking affects the allocation of corporate financial assets by reducing financing costs.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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