Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)

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Research on the Effects of Businesses Transitioning from the Real Economy to the Virtual Economy on Investing in Innovative Talents

Authors
Fei Han1, *
1School of Economics and Management, University of Science and Technology Beijing, Beijing, 100083, China
*Corresponding author. Email: b20200446@xs.ustb.edu.cn
Corresponding Author
Fei Han
Available Online 9 October 2023.
DOI
10.2991/978-94-6463-262-0_110How to use a DOI?
Keywords
corporate financialization; investment in innovation; human resources
Abstract

“Talent acquisition is the only route to innovation.” Enterprises’ ability to sustain innovation, preserve economic stability, and advance sustained social progress depends on their access to excellent talents. However, as the investment of enterprises shifts from the real economy to the virtual economy, it is widely believed in society that corporate financialization will squeeze the investment resources of enterprises’ main businesses. Therefore, the focus of this paper is whether this resource squeeze includes human resources. The main question addressed here is whether or not human resources are being squeezed. This paper empirically examines the effect of corporate financialization on creative abilities using a sample of A-share listed manufacturing businesses from 2010 to 2020. The study’s findings demonstrate that businesses’ need for innovative talents is greatly suppressed as corporate financialization increases.Specifically,when the degree of financialization of enterprises increases by 1%, the demand of enterprises for innovative talents decreases by 0.247%.

Copyright
© 2024 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.

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Volume Title
Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
Series
Atlantis Highlights in Engineering
Publication Date
9 October 2023
ISBN
978-94-6463-262-0
ISSN
2589-4943
DOI
10.2991/978-94-6463-262-0_110How to use a DOI?
Copyright
© 2024 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  - Fei Han
PY  - 2023
DA  - 2023/10/09
TI  - Research on the Effects of Businesses Transitioning from the Real Economy to the Virtual Economy on Investing in Innovative Talents
BT  - Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
PB  - Atlantis Press
SP  - 1082
EP  - 1093
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-262-0_110
DO  - 10.2991/978-94-6463-262-0_110
ID  - Han2023
ER  -