The financial geographic structure, Confucian culture, and corporate asset allocation efficiency

被引：2
|
作者：
Gong, Zheng [1 ]
Gong, Liuji [2 ]
机构：
[1] Korea Maritime & Ocean Univ, Dept Int Area & Cultural Studies, Busan 49112, South Korea
[2] Henan Univ, Sch Marxism, Kaifeng 475001, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 63卷
关键词：
Confucian culture; Corporate asset allocation efficiency; Financial geographic structure; INVESTMENT;
D O I：
10.1016/j.frl.2024.105264
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study investigates the influence of financial geography and regional Confucian culture on asset allocation efficiency in China's non-financial listed firms. Findings reveal that financial concentration boosts asset allocation efficiency, with Confucian culture enhancing this effect. Despite rigorous testing, these outcomes persist, highlighting the role of financial and cultural environments in improving corporate asset management and offering insights into the cultural impact on business growth.
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页数：9
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