Enterprise financialization, technological empowerment, and enterprise risk-taking

Rui Zhao, Yining Wang, Xi Lun, Na Li, Rong Wang, Yin Zhang and Menglu Wang

Finance Research Letters, 2025, vol. 74, issue C

Abstract: Based on data from Chinese listed companies from 2012 to 2022, this study examined the relationship between enterprise financialization, technological empowerment, and enterprise risk-taking. The findings indicate that enterprise financialization and technological empowerment enhanced enterprise risk-taking. Enterprise scale moderated the relationship between enterprise risk-taking and enterprise financialization. Moreover, the impact of technological empowerment on risk-taking in state-owned enterprises (SOEs) and non-SOEs was heterogeneous.

Keywords: Enterprise financialization; Technological empowerment; Risk-taking (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612324017306

DOI: 10.1016/j.frl.2024.106701

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