Fig 1.
Diagram of the mechanism of corporate financialization and the performance of the main business of the enterprise.
Table 1.
Definition of control variables.
Table 2.
Descriptive statistics of the variables.
Table 3.
Dynamic threshold model test results.
Table 4.
Robustness test regression results (1).
Table 5.
Robustness test regression results (2).
Table 6.
Heterogeneity of ownership test.
Table 7.
Financial assets heterogeneity test.
Table 8.
Industry heterogeneity test.
Table 9.
Regional heterogeneity test.