The three papers and workshop discussion draw attention to the various ways that finance and food come together through new financial actors and tools, and in new political contexts, or ...financialization in the food system. The term financialization began to emerge in the late 1990s and it is increasingly applied to a growing range of areas of daily life and the economy (Krippner, 2011; Martin, 2002). Food studies, and these three papers in particular, help to define the contours and impacts of financialization in the food and agriculture sector.
•This study defines the U-shaped link between financialization and litigation risk.•This study shows the changes in litigation risk at different financialization.•This study elucidates the factors ...affecting litigation risk.
This study empirically analyses the impact of corporate financialization on litigation risk and finds that there is a U-shaped relationship between corporate financialization and litigation risk, whereby an increase in the level of financialization reduces litigation risk before a firm's level of financialization reaches the optimal level, and an increase in the level of financialization exacerbates litigation risk after a firm's level of financialization exceeds the optimal level.
•We construct a theoretical model of quantitative measure of over-financialization.•Our model can distinguish over-financialization from moderate financialization.•Company characteristics have ...differential and significant influences on over-financialization.
This study develops a model of measuring over-financialization. We use a novel approach for modeling over-financialization when the actual financialization degree is over the target level. We test this model using data from the capital market of China. The findings are: (1) theoretically, our model can accurately distinguish over-finanialization from financialization of listed companies; (2) empirically, we analyze the company characteristics that affect over-financialization. We find that (a) state-owned enterprises tend to restrain from over-financialization; (b) the size of enterprises has a significant negative correlation with over-financialization; (c) there are significant differences in corporate over-financialization across different regions.
By employing a panel dataset of Chinese listed companies spanning from 2010 to 2021, our study empirically examines the correlation between corporate financialization and corporate green innovation, ...and explores its heterogeneities in terms of property rights structure and digitalization. Our findings suggest that corporate financialization has a negative impact on corporate green innovation. This negative influence is primarily attributed to the substitution of corporate financialization for research and development funds that are essential for corporate green innovation, while the “reservoir effect” of corporate financialization is not significant. In comparison to state-owned enterprises, which face weaker financing constraints, the impact of corporate financialization on green innovation is more significant in private enterprises. Moreover, we find that digitalization could alleviate the inhibition of corporate financialization on green innovation. Based on our findings, we offer several suggestions for developing strategies to promote green innovation in China.
The limits to financialization Christophers, Brett
Dialogues in human geography,
07/2015, Letnik:
5, Številka:
2
Journal Article
Recenzirano
Over the past decade, the concept of financialization has moved from the periphery to the mainstream of scholarly inquiry across several social–scientific disciplines, human geography among them. The ...subject of a burgeoning, variegated literature advancing both theoretical delineation and empirical substantiation, processes of financialization, on many accounts, belong alongside those of globalization and neoliberalization as the defining dynamics of late modern capitalism. In the spirit of fostering a constructive dialogue, this article develops a broadly based critique of such accounts, one structured around the core idea of limits. Financialization, it suggests, is substantively limited, both as a concept and as the array of real-world processes to which that concept variously pertains. The article identifies and fleshes out five key sets of such limits and the connections between them: analytic, theoretic, strategic, optic, and empiric limits. If the concept of financialization is to do substantially positive descriptive and explanatory work going forward, the article submits, these limits must be explicitly recognized and their implications explicitly factored in. This, the article concludes, is no small challenge.
As land becomes detached from its social function and market speculation intensifies, housing prices tend to rise, rendering homeownership less affordable. Following the escalation of property ...values, gentrification is often observed as wealthier individuals and investors are attracted to neighborhoods that offer good amenities and potential returns on their investments. Utilizing diverse datasets from multiple sources in China, this paper unveils a positive association between land financialization and the occurrence of gentrification. It also reveals that land financialization is positively linked with housing prices while negatively associated with homeownership. Further investigation uncovers a more nuanced pattern. At lower levels of land financialization, the effects of gentrification are limited or even negative due to revitalization efforts and the gradual rise in property values during early-stage urban development dynamics. However, as land financialization surpasses a certain threshold, the intensification of investment and speculative activity substantially drives property price increases, leading to heightened gentrification processes. These findings underscore the need for thoughtful urban planning and policy interventions to ensure that the impacts of land financialization are managed in an equitable and sustainable manner.
•Land financialization raises housing prices but lowers homeownership rates.•Land financialization promotes gentrification.•Low land financialization limits gentrification due to revitalization and gradual property value rise.•High land financialization boosts property prices and intensifies gentrification.•Urban planning and policies are needed to manage land financialization impacts equitably.
A financeirização é um processo com amplas consequências em diversas esferas da vida social, e está diretamente relacionada ao processo de globalização da economia. Um agente central nesse processo ...são os fundos financeiros.O objetivo do presente trabalho é analisar o processo de financeirização associado à formação da megarregião Rio de Janeiro - São Paulo.Tal análise se baseia em um levantamento feito junto ao site da CVM – Comissão de Valores Imobiliários. No site deste órgão, foram levantadas informações referentes a todos os fundos financeiros existentes no Brasil, sendo um total de 3141 fundos financeiros em atividade. A partir desta matriz, com dados sobre os fundos financeiros, realizamos uma série de análises, principalmente a análise da localização desses fundos em relação à megarregião Rio de Janeiro - São Paulo.
PDF
