{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,21]],"date-time":"2026-04-21T22:52:15Z","timestamp":1776811935539,"version":"3.51.2"},"reference-count":21,"publisher":"European Society of Computational Methods in Sciences and Engineering","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JCM"],"published-print":{"date-parts":[[2024,6,17]]},"abstract":"<jats:p>With the deepening of enterprise financialization, the trend of \u201cmoving away from reality to emptiness\u201d has increased the difficulty of financial management in the manufacturing industry. This paper selects the data of A-share main board listed companies from 2012 to 2021 to study the motivation of financial investment in the manufacturing industry and its impact on financial risk. The research results show that the main motivation of listed companies\u2019 financial investment in the manufacturing industry is \u201csubstitution\u201d motivation. With the purpose of maximizing profits, the excessive allocation of monetary assets, especially long-term financial assets, increases financial risks of enterprises. Furthermore, the financial risk caused by the financial investment of state-owned enterprises is greater.<\/jats:p>","DOI":"10.3233\/jcm-247270","type":"journal-article","created":{"date-parts":[[2024,6,18]],"date-time":"2024-06-18T11:43:14Z","timestamp":1718710994000},"page":"1695-1708","source":"Crossref","is-referenced-by-count":1,"title":["Analysis on the motivation of financial investment and the influence of financial risk of listed enterprises: A case study of A-share manufacturing industry"],"prefix":"10.66113","volume":"24","author":[{"given":"Yunxiang","family":"Peng","sequence":"first","affiliation":[{"name":"School of Finance and Economics, Guangdong University of Science and Technology, Dongguan, Guangdong, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Guixian","family":"Tian","sequence":"additional","affiliation":[{"name":"School of Business, Pingxiang University, Pingxiang, Jiangxi, China"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"55691","reference":[{"issue":"4","key":"10.3233\/JCM-247270_ref1","doi-asserted-by":"crossref","first-page":"1096","DOI":"10.1002\/csr.2256","article-title":"Embedding sustainability in risk management: The impact of environmental, social, and governance ratings on corporate financial risk","volume":"29","author":"Landi","year":"2022","journal-title":"Corp Soc Resp Env Ma."},{"key":"10.3233\/JCM-247270_ref2","doi-asserted-by":"crossref","first-page":"112548","DOI":"10.1016\/j.enpol.2021.112548","article-title":"How does energy policy affect firms\u2019 outward foreign direct investment: An explanation based on investment motivation and firms\u2019 performance","volume":"158","author":"Zhang","year":"2021","journal-title":"Energ Policy."},{"key":"10.3233\/JCM-247270_ref3","doi-asserted-by":"crossref","first-page":"106183","DOI":"10.1016\/j.eneco.2022.106183","article-title":"Does green finance counteract the climate change mitigation: Asymmetric effect of renewable energy investment and R&D","volume":"113","author":"Zhang","year":"2022","journal-title":"Energ Econ."},{"key":"10.3233\/JCM-247270_ref4","doi-asserted-by":"crossref","first-page":"259","DOI":"10.1016\/j.ins.2022.04.058","article-title":"Corporate finance risk prediction based on LightGBM","volume":"602","author":"Wang","year":"2022","journal-title":"Inform Sciences."},{"key":"10.3233\/JCM-247270_ref5","doi-asserted-by":"crossref","first-page":"46","DOI":"10.1016\/j.iref.2023.01.015","article-title":"Time and frequency dynamic connectedness between cryptocurrencies and financial assets in China","volume":"86","author":"Li","year":"2023","journal-title":"Int Rev Econ Financ."},{"key":"10.3233\/JCM-247270_ref6","doi-asserted-by":"crossref","unstructured":"Nikoloski Z, Cheatley J, Mossialos E. 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