Exploration of Micro Paths for Financial Services to Support the Real Economy:A Review of Literature on Corporate Financialization
Expanding the micro implementation path for financial services to support the real economy from the perspective of corporate financialization is a pressing issue that necessitates exploration.This paper systematically reviews existing literature and finds that,as the trend of corporate financialization gradually strengthens,differing viewpoints persist in academia regarding the connotations,motivations,measurement methods,influencing factors,mechanisms of action,and economic consequences of corpo-rate financialization.In light of this,the paper briefly elaborates on the connotations and measurement methods of corporate financialization,constructs a logical framework of"theoretical motivations-influ-encing factors-economic consequences,"and,starting from theoretical motivations,explores the macro,meso,and micro influencing factors of corporate financialization,elucidates its economic conse-quences,and clarifies the underlying mechanisms.Future research could focus on enhancing the mea-surement methods of corporate financialization,establishing indicators that align with China's economic system;investigating the range of moderate corporate financialization to provide decision-making refer-ences for financial asset allocation;and continuing to explore the multidimensional driving mechanisms of corporate financialization to construct a comprehensive theoretical model,thereby providing theoreti-cal support for financial services to the real economy.