FAN ZUOJUNA and TANG Jingjingb

A China-ASEAN Research Institute, Guangxi University

B Economics School, Guangxi University

　　bet365 best casino games This Paper Empirical Investigates The IMPACT of the Proportion of FEMALE Executives on the Financialization of Enterprisuses USING A SAMPLE of LI STED Companies in The SHANGHAI and Shenzhen Stock Markets from 2009-2018. Previous Studies Tend to Conclude THAT FEMALE Executives Are Risk Averse, Preventing Firms from PARTICIPATING in High-Risk Financial Investments. However, The Results of This Paper Show That IS A POSITIVE Relationship Between The Proportion of FeMale Executives and The Degree of Corporate Ization, With an increase of 1 Percent in the Proportion of Female Executives Leading to An Increase of 3.8 Percent in the Degree of Corporate Financialization. Fur Theer Tests Show That Generation IS A Possible Mechanism Influencing Fecutives' Financial Investment Preferences in The Unique Gender Culture Context of China. This Paper Expands The Research on the IMPACT of Non-Institute Factors on Corporate Financialization, And Also Points Out that unilatorly pursuing an increase in the problem of female executives not Reduce the Risk of Corporate ation, And that only an overals in the problem in the problem of female executives can resk of corporate fination. Improving Generation A. T The Social Level Can Fundamentally Reflet Women ’s Risk Aversion Characteristics and ENCOURAGE ENTERPRISES TO MAKE MORE Stable Investment DeCisions.

　　Keywords: Female Executives, Female Status, Corporate Financialization