Human capital accumulation, technological progress, and corporate financialization
This study selects data from listed companies between 2008 and 2022 as the research sample, delving into the interrelationships among human capital accumulation, technological progress, and corporate financialization. The empirical results indicate the following: First, human capital accumulation pr...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier Inc.
2025
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| Online Access: | http://psasir.upm.edu.my/id/eprint/118514/ http://psasir.upm.edu.my/id/eprint/118514/1/118514.pdf |
| _version_ | 1848867533186138112 |
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| author | Dong, Zixuan Abd Aziz, Mohd Faiq Wang, Yan |
| author_facet | Dong, Zixuan Abd Aziz, Mohd Faiq Wang, Yan |
| author_sort | Dong, Zixuan |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study selects data from listed companies between 2008 and 2022 as the research sample, delving into the interrelationships among human capital accumulation, technological progress, and corporate financialization. The empirical results indicate the following: First, human capital accumulation promotes corporate financialization. Second, technological progress also facilitates the process of corporate financialization. Moreover, technological progress serves as a mediating factor in the relationship between human capital accumulation and corporate financialization. Additionally, the impact of human capital accumulation on corporate financialization shows no significant difference between state-owned enterprises (SOEs) and private enterprises (PEs). Similarly, the effect of technological progress on corporate financialization does not exhibit notable differences between SOEs and PEs. Finally, the influence of human capital accumulation on corporate financialization demonstrates a scale threshold effect. |
| first_indexed | 2025-11-15T14:38:00Z |
| format | Article |
| id | upm-118514 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:38:00Z |
| publishDate | 2025 |
| publisher | Elsevier Inc. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1185142025-07-15T06:53:52Z http://psasir.upm.edu.my/id/eprint/118514/ Human capital accumulation, technological progress, and corporate financialization Dong, Zixuan Abd Aziz, Mohd Faiq Wang, Yan This study selects data from listed companies between 2008 and 2022 as the research sample, delving into the interrelationships among human capital accumulation, technological progress, and corporate financialization. The empirical results indicate the following: First, human capital accumulation promotes corporate financialization. Second, technological progress also facilitates the process of corporate financialization. Moreover, technological progress serves as a mediating factor in the relationship between human capital accumulation and corporate financialization. Additionally, the impact of human capital accumulation on corporate financialization shows no significant difference between state-owned enterprises (SOEs) and private enterprises (PEs). Similarly, the effect of technological progress on corporate financialization does not exhibit notable differences between SOEs and PEs. Finally, the influence of human capital accumulation on corporate financialization demonstrates a scale threshold effect. Elsevier Inc. 2025-07 Article PeerReviewed text en cc_by_nc_nd_4 http://psasir.upm.edu.my/id/eprint/118514/1/118514.pdf Dong, Zixuan and Abd Aziz, Mohd Faiq and Wang, Yan (2025) Human capital accumulation, technological progress, and corporate financialization. International Review of Economics and Finance, 101. art. no. 104235. pp. 1-10. ISSN 1059-0560; eISSN: 1059-0560 https://linkinghub.elsevier.com/retrieve/pii/S1059056025003983 10.1016/j.iref.2025.104235 |
| spellingShingle | Dong, Zixuan Abd Aziz, Mohd Faiq Wang, Yan Human capital accumulation, technological progress, and corporate financialization |
| title | Human capital accumulation, technological progress, and corporate financialization |
| title_full | Human capital accumulation, technological progress, and corporate financialization |
| title_fullStr | Human capital accumulation, technological progress, and corporate financialization |
| title_full_unstemmed | Human capital accumulation, technological progress, and corporate financialization |
| title_short | Human capital accumulation, technological progress, and corporate financialization |
| title_sort | human capital accumulation, technological progress, and corporate financialization |
| url | http://psasir.upm.edu.my/id/eprint/118514/ http://psasir.upm.edu.my/id/eprint/118514/ http://psasir.upm.edu.my/id/eprint/118514/ http://psasir.upm.edu.my/id/eprint/118514/1/118514.pdf |