The Impact of Financialization on Profitability of Real Estate Enterprises

DOI

10.2991/assehr.k.201012.009How to use a DOI?

Keywords

Real estate enterprise, Financialization, Profitability, Bidirectional fixed effect model

Abstract

In recent years, the trend of financial and financial development in China has been increasing. The real estate industry, as an important industry of national economy, its financialization is becoming more and more obvious. In this paper, financial data of A-share real estate listed companies in Shanghai and Shenzhen from 2008 to 2017 were selected as samples, it aims to test the relationship between financialization of real estate enterprises and corporate profitability by using Bidirectional fixed effect model. The empirical results show that there is a significant negative correlation between the financialization of real estate enterprises and their profitability, that is, the financialization of real estate enterprises will inhibit their profitability. The research in this paper is not only beneficial to supplement and improve the micro-economic effect of the financialization of real estate enterprises, but also has a strong reference significance for the actual operation of real estate enterprises and government financial supervision.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shu Wu
AU  - Yiding Wu
PY  - 2020
DA  - 2020/10/12
TI  - The Impact of Financialization on Profitability of Real Estate Enterprises
BT  - Proceedings of the 1st Africa-Asia Dialogue Network (AADN) International Conference (AADNIC 2019)
PB  - Atlantis Press
SP  - 58
EP  - 61
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201012.009
DO  - 10.2991/assehr.k.201012.009
ID  - Wu2020
ER  -