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Population aging and corporate risk-taking

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  • Liu, Changfei
  • Wu, Qiong
  • Yang, Zuozhi

Abstract

This article studies the relationship between population aging and corporate risk-taking. Based on Chinese stock market, we construct measures of the degree of aging and corporate risk-taking, and find that the deepening degree of population aging will reduce the level of corporate risk-taking, and the negative impact of population aging on the level of corporate risk-taking is more pronounced in non-state-owned enterprises and enterprises in regions with lower levels of marketization.

Suggested Citation

  • Liu, Changfei & Wu, Qiong & Yang, Zuozhi, 2024. "Population aging and corporate risk-taking," Finance Research Letters, Elsevier, vol. 61(C).
    • Handle: RePEc:eee:finlet:v:61:y:2024:i:c:s1544612324000047
    DOI: 10.1016/j.frl.2024.104974
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    References listed on IDEAS

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    Cited by:

    1. He, Xinao & Xu, Runguo & Sun, Kai & Wang, Jian, 2024. "Population intensity, location choice, and investment portfolio selection: A case of emerging economies," International Review of Financial Analysis, Elsevier, vol. 94(C).

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    Keywords

    Population aging; Corporate risk taking;

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