Wang, Fangyun; Hu, Wenxiu; Liu, Li; Yang, Li - In: Journal of business economics and management 24 (2023) 5, pp. 939-959
Based on behavioral finance theory, we discuss the influence of managers' herd behavior on corporate financialization from the perspective of managers' behavioral preferences. Empirical testing was conducted using data from nonfinancial listed firms on the Shanghai and Shenzhen A-shares from...