Shadow banking, credit term structure, and financialization of manufacturing firms

Zhou Shen, Sisi Sun and Yingtao Zhu

Finance Research Letters, 2024, vol. 60, issue C

Abstract: In recent years, there has been a phenomenon of “derealization to virtualization” in China's capital flow. However, studies have focused less on the level of financialization of manufacturing enterprises and the effect of shadow banking. This study found that shadow banking increases the level of financialization of manufacturing firms and the credit term structure positively strengthens this promotion effect. This study offers manufacturing enterprises new perspectives and practical insights to improve their financialization.

Keywords: Shadow banking; Financialization of manufacturing enterprises; Maturity matching perspective; Credit term structure (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012333

DOI: 10.1016/j.frl.2023.104861

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