Research On The Impact Of Entity Enterprise Financialization On Its Competitiveness

For the future economic development,the issue of financing constraints will be an important obstacle to the economic transformation and structural optimization and upgrading.In recent years,the problem of corporate financing constraints has become more serious,and the financing needs of enterprises in the process of development are crucial,increasingly Many entities are eager to ease their financing restrictions to a certain extent through financial means.A well-functioning combination of industry and finance can help companies improve their performance by leveraging resource synergies,improving financing convenience,reducing transaction costs,and improving resource integration capabilities.Along with the continuous development of the economy and the intensification of competition in the industry,whether a company can provide products and services to the market more effectively than other enterprises,and obtain the comprehensive quality of profit and self-development is the source of survival and development of enterprises.The competitiveness of the main business is bigger and stronger,and it requires strong capital and financial support to ensure the efficient operation of the company,thereby enhancing its competitiveness and survive and develop in a fiercely competitive market environment.This paper selects the sample data of 1867 A-share listed companies from2012 to 2017,analyzes the impact of the financialization of entity enterprises on the competitiveness of enterprises and obtains the following conclusions: At present,the degree of financialization of listed companies in China is relatively low and the entities are Under the background of depression,the financialization of entity enterprises can indeed enhance the competitiveness of enterprises,and this positive competitive effect is still significant under the influence of regulatory variable financing constraints.The competitive effect of corporate financialization will also be affected by the internal and external institutional context of the entity.In the sample group of the private sample group and the relatively weak financial environment in the region,due to the strong financing constraints,the competitiveness of the combination of industry and finance The effect will be more prominent,which also shows that when enterprises have strong financing constraints,they can significantly improve the competitiveness of enterprises through financial financing to alleviate financing constraints.