Proceedings of the 2025 6th International Conference on Management Science and Engineering Management (ICMSEM 2025)

<Previous Article In Volume
Next Article In Volume>

Research on the Impact of Executives’ Academic Background on Financialization of Manufacturing Enterprises in the Context of Digital Transformation

Authors
Jing Wu1, Donglin Li1, *
1Harbin University of Commerce, Harbin, 150028, China
*Corresponding author. Email: 1906372705@qq.com
Corresponding Author
Donglin Li
Available Online 16 September 2025.
DOI
10.2991/978-94-6463-845-5_76How to use a DOI?
Keywords
Academic Background of Executives; Digital Transformation; Manufacturing Enterprises; Financialization
Abstract

In recent years, the state has paid great attention to the financialization of manufacturing enterprises, emphasizing the construction of a complete industrial chain to improve the development of China’s manufacturing enterprises and prevent a large amount of capital from flowing into the financial industry, which could lead to the hollowing out of manufacturing. Executives often play a decisive role in the investment direction of enterprise funds, and with the rapid development of digitalization, which has become a trend, manufacturing enterprises are facing digital transformation. This paper studies the impact of executives’ personal characteristics on the financialization of manufacturing enterprises in the digital context. Using a fixed-effects model for verification, the empirical results show that executives with an academic background reduce the financialization level of manufacturing enterprises. The regression results of adding the interaction term between digital transformation and academic background indicate that digital transformation enhances the inhibitory effect of academic-background executives on financialization.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2025 6th International Conference on Management Science and Engineering Management (ICMSEM 2025)
Series
Atlantis Highlights in Economics, Business and Management
Publication Date
16 September 2025
ISBN
978-94-6463-845-5
ISSN
2667-1271
DOI
10.2991/978-94-6463-845-5_76How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jing Wu
AU  - Donglin Li
PY  - 2025
DA  - 2025/09/16
TI  - Research on the Impact of Executives’ Academic Background on Financialization of Manufacturing Enterprises in the Context of Digital Transformation
BT  - Proceedings of the 2025 6th International Conference on Management Science and Engineering Management (ICMSEM 2025)
PB  - Atlantis Press
SP  - 751
EP  - 760
SN  - 2667-1271
UR  - https://doi.org/10.2991/978-94-6463-845-5_76
DO  - 10.2991/978-94-6463-845-5_76
ID  - Wu2025
ER  -