scholarly journals Does financialization of non-financial corporations promote the persistence of innovation: evidence from A-share listed manufacturing corporations in China

2021 ◽  
Author(s):  
Zhengjuan Xie ◽  
Jiang Du ◽  
Yongchao Wu
Keyword(s):  
Real Economy ◽  
The Real ◽  
Manufacturing Enterprises ◽  
Innovation Activities ◽  
Sustainable Innovation ◽  
Crowd Out ◽  
New Perspective ◽  
The Relationship ◽  
A Share

AbstractFinancialization of non-financial corporations is an important factor affecting innovation activities. This paper calculates the optimal financialization of enterprises and the deviation of optimal financialization, divides amples into moderate and excessive financialization, then investigates the relationship between financialization and sustainable innovation in different research samples using the data of A-share manufacturing enterprises in China from 2012 to 2018. The results indicate that the deviation of optimal financialization is negatively related to the persistent innovation of enterprises. However, financialization had significantly different effects on persistent innovation in different research sample. More specifically, excessive financialization could crowd out the persistent innovation, but moderate financialization may promote the persistent innovation. This study provides a new perspective for understanding the relationship between financialization and innovation, and helps finance better serve the real economy.

scholarly journals Feasibility Analysis Model of Transformation from Real Economy to Virtual Economy Based on Association Rule Algorithm

2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Jing Gao ◽  
Yu Zhao ◽  
Longlong Li ◽  
Samart Deebhijarn
Keyword(s):  
Association Rule ◽  
Measurement Theory ◽  
Economic Transformation ◽  
Feasibility Analysis ◽  
Total Output ◽  
Real Economy ◽  
Analysis Model ◽  
The Real ◽  
Virtual Economy ◽  
The Relationship

The transformation of the real economy to the virtual economy is one of the necessary ways for social and economic development. By analyzing the definition of real economy and virtual economy, the relationship between them, and the relationship between finance and virtual economy, a feasibility analysis model for the transition from real economy to virtual economy is designed based on association rule algorithm, and provide feasibility analysis for “from entity to virtual.” At the same time, based on the scale measurement theory of virtual economic cycle, this paper establishes the rule-constrained Apriori algorithm model. Then, the input-output structure decomposition method is used to analyze the feasibility of the transformation from the real economy to the virtual economy. Through the analysis, we know that the multiplier value in the real economy is higher than that in the virtual economy, which promotes the substantial growth of its own output. The total amount of virtual economy is growing rapidly, but economic transformation is incomplete. The expansion of the real economy has increased the total output value of virtual laser machines. Therefore, the feasibility of transforming from a real economy to a virtual economy has a good relationship.

scholarly journals Evaluation of the Development of Fintech-Served Real Economy Based on Fintech Improvement

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Mingxiang Zhou ◽  
Xiaoyan Zheng
Keyword(s):  
Weight Coefficient ◽  
Evaluation Index System ◽  
Data Envelopment ◽  
Real Economy ◽  
The Real ◽  
Development Level ◽  
Service Efficiency ◽  
Fcm Clustering ◽  
New Generation ◽  
The Relationship

The new generation of information technology (IT) promotes the integration of fintech with the real economy. Existing studies emphasize the relationship between fintech and the real economy over the development level of fintech-served real economy (FtRE). To fill up the gap, this paper explores the evaluation of FtRE based on fintech improvement (FtI). Firstly, an evaluation index system (EIS) was established for fintech service efficiency (FtSE), and FtSE was measured through data envelopment analysis (DEA). Then, fuzzy c-means (FCM) clustering was performed to discretize continuous indices. Drawing on matter-element theories, the authors created the classic domain and node domain of FtRE, as well as the evaluation objects of real economy, calculated the correlation between each factor affecting development level and evaluated development level, and computed the weight coefficient of each index. Finally, the influence of FtI-based FtRE development was empirically analyzed through experiments.

On the Relationship between the Financial Sector and the Real Economy

2006 ◽  
pp. 83-102 ◽  
Author(s):  
I. Levina
Keyword(s):  
Economic Development ◽  
Financial Sector ◽  
Point Of View ◽  
Real Economy ◽  
The Real ◽  
Theoretical Approaches ◽  
Modern Economic ◽  
The Relationship

The article presents the results of the research of the decoupling of the financial sector from the real economy. The author examines key theoretical approaches to the analysis of the aforementioned problem emphasizing the main features of this phenomenon and considering the consequences of the decoupling from the point of view of the modern economic development.

Nonstandard Student Conceptions About Infinitesimals

2010 ◽  
Vol 41 (2) ◽  
pp. 117-146 ◽  
Author(s):  
Robert Ely
Keyword(s):  
Real Number ◽  
Nonstandard Analysis ◽  
Number Line ◽  
Real Numbers ◽  
Student Conceptions ◽  
The Real ◽  
New Perspective ◽  
Real Number Line ◽  
The Relationship

This is a case study of an undergraduate calculus student's nonstandard conceptions of the real number line. Interviews with the student reveal robust conceptions of the real number line that include infinitesimal and infinite quantities and distances. Similarities between these conceptions and those of G. W. Leibniz are discussed and illuminated by the formalization of infinitesimals in A. Robinson's nonstandard analysis. These similarities suggest that these student conceptions are not mere misconceptions, but are nonstandard conceptions, pieces of knowledge that could be built into a system of real numbers proven to be as mathematically consistent and powerful as the standard system. This provides a new perspective on students' “struggles” with the real numbers, and adds to the discussion about the relationship between student conceptions and historical conceptions by focusing on mechanisms for maintaining cognitive and mathematical consistency.

Leveraging Communities for Sustainable Innovation

2010 ◽  
Vol 2 (3) ◽  
pp. 1-10
Author(s):  
Elayne Coakes ◽  
Peter A.C. Smith ◽  
Dee Alwis
Keyword(s):  
Case Discussion ◽  
Community Interaction ◽  
Commercial Potential ◽  
Innovation Activities ◽  
Sustainable Innovation ◽  
The Social ◽  
The Future ◽  
Communities Of Innovation ◽  
The Relationship

The concept of using future innovation to achieve “right to market” (R2M) (Koudal & Coleman, 2005) is the focus of this paper. This paper discusses the relationship between entrepreneurship and innovation and posits that they form a system where innovation is optimised when these capabilities are closely linked. The authors contend that innovation activities are best ‘managed’ by an organization’s entrepreneur(s) and that part of this role is to identify Innovation Champions and facilitate their innovation-related activities. The authors also explore the social and community interaction necessary for innovation to flourish and explain the role of entrepreneurs in forming Communities of Innovation (CoInv) based on innovation champions and their networks. This paper argues that CoInv are essential to ensure that each separate innovation has commercial potential and is operationally accepted with support diffused throughout the organisation. The authors demonstrate these assertions through a case discussion and conclude with some final comments on the future of this research.

Leveraging Communities for Sustainable Innovation

2012 ◽  
pp. 68-78
Author(s):  
Elayne Coakes ◽  
Peter Smith ◽  
Dee Alwis
Keyword(s):  
Case Discussion ◽  
Community Interaction ◽  
Commercial Potential ◽  
Innovation Activities ◽  
Sustainable Innovation ◽  
The Social ◽  
The Future ◽  
Communities Of Innovation ◽  
The Relationship

The concept of using future innovation to achieve “right to market” (R2M) (Koudal & Coleman, 2005) is the focus of this paper. This paper discusses the relationship between entrepreneurship and innovation and posits that they form a system where innovation is optimised when these capabilities are closely linked. The authors contend that innovation activities are best ‘managed’ by an organization’s entrepreneur(s) and that part of this role is to identify Innovation Champions and facilitate their innovation-related activities. The authors also explore the social and community interaction necessary for innovation to flourish and explain the role of entrepreneurs in forming Communities of Innovation (CoInv) based on innovation champions and their networks. This paper argues that CoInv are essential to ensure that each separate innovation has commercial potential and is operationally accepted with support diffused throughout the organisation. The authors demonstrate these assertions through a case discussion and conclude with some final comments on the future of this research.

Innovation Path of Manufacturing Enterprises and Strategies for Transformation and Upgrading in China

2017 ◽  
Vol 21 (6) ◽  
pp. 1048-1055
Author(s):  
Guangtong Gu ◽  
Bing Xu ◽  
◽  
◽  
Keyword(s):  
Manufacturing Industry ◽  
Full Time ◽  
Real Economy ◽  
Relevant Research ◽  
The Real ◽  
Manufacturing Enterprises ◽  
Time Varying Parameter ◽  
Manufacturing Innovation ◽  
Solid Foundation ◽  
D Investment

The economy is facing transformation and technological upgrading, which is particularly imperative to upgrading the real economy in China. It is well known that manufacturing is the core of the real economy. Therefore, insights into the innovation path of manufacturing enterprises are helpful in understanding problems that exist, and they suggest future strategies in manufacturing innovation. In this paper, based on historical data from 2000 to 2014, Bayesian methods and time-varying parameter dynamic regression models are used to identify the innovation path of manufacturing enterprises. This paper shows that the relevant research departments within firms need to improve the efficiency of research and development (R&D) institutions and mobilize the enthusiasm of full-time R&D personnel to provide a solid foundation for innovation, and transformation, and upgrading of the manufacturing industry. The paper also shows the need to improve the efficiency of R&D investment and new product R&D investments. In addition to independent R&D, manufacturing enterprises should also increase the adoption of foreign technology into their own manufacturing processes. Finally, some future strategies with regards to transformation and upgrading are discussed.

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