In recent years,the rapid development of China's economy has benefited from the continuous growth of the real economy,which is a fact that is evident to all.The pillar industry of the real economy is manufacturing.Although China's manufacturing industry has high development quality and large scale,there are also many problems in it.One of the most significant points is that assets tend to be financialized,and the proportion of total assets is increasing.Although corporate financialization can enable manufacturing enterprises to achieve very appreciable performance results in the short term.However,in the long run,this behavior is harmful to the sustained high-quality development of the manufacturing industry.More importantly,it is not conducive to the technological innovation and development of the manufacturing industry and the subsequent transformation and upgrading of manufacturing enterprises.Therefore,in response to the phenomenon of the continuous growth of financial assets of listed manufacturing companies in recent years,this article will analyze in depth the positive and negative impacts of financialization on their performance,hoping to strike a balance between the development of physical entities and investment in financial assets for listed manufacturing companies.This is of great practical significance for the long-term development of the manufacturing industry.
维普
万方数据