{"id":"https://openalex.org/W4312473259","doi":"https://doi.org/10.1145/3564858.3564911","title":"Strategic radicality and inefficient investment of enterprises","display_name":"Strategic radicality and inefficient investment of enterprises","publication_year":2022,"publication_date":"2022-08-26","ids":{"openalex":"https://openalex.org/W4312473259","doi":"https://doi.org/10.1145/3564858.3564911"},"language":"en","primary_location":{"id":"doi:10.1145/3564858.3564911","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3564858.3564911","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2022 the 5th International Conference on Information Management and Management Science","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5069937167","display_name":"Jia Fu","orcid":"https://orcid.org/0000-0002-2327-3701"},"institutions":[{"id":"https://openalex.org/I4210114483","display_name":"Chongqing Vocational and Technical University of Mechatronics","ror":"https://ror.org/01jsjgv89","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210114483"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Jia Fu","raw_affiliation_strings":["College of Economics and Trade, Guangdong Electromechanical vocational and Technical College, China"],"affiliations":[{"raw_affiliation_string":"College of Economics and Trade, Guangdong Electromechanical vocational and Technical College, China","institution_ids":["https://openalex.org/I4210114483"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5051943508","display_name":"Yan Yuan","orcid":null},"institutions":[{"id":"https://openalex.org/I4210114483","display_name":"Chongqing Vocational and Technical University of Mechatronics","ror":"https://ror.org/01jsjgv89","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210114483"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yan Yuan","raw_affiliation_strings":["College of Economics and Trade, Guangdong Electromechanical vocational and Technical College, China"],"affiliations":[{"raw_affiliation_string":"College of Economics and Trade, Guangdong Electromechanical vocational and Technical College, China","institution_ids":["https://openalex.org/I4210114483"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5069937167"],"corresponding_institution_ids":["https://openalex.org/I4210114483"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.22873452,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"343","last_page":"349"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9760000109672546,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9107999801635742,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.6281009316444397},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.6250036954879761},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.5481699705123901},{"id":"https://openalex.org/keywords/positive-correlation","display_name":"Positive correlation","score":0.5419121980667114},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.5075198411941528},{"id":"https://openalex.org/keywords/agency","display_name":"Agency (philosophy)","score":0.49723032116889954},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"Information asymmetry","score":0.4950627386569977},{"id":"https://openalex.org/keywords/stock-exchange","display_name":"Stock exchange","score":0.4463712275028229},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.43054431676864624},{"id":"https://openalex.org/keywords/positive-relationship","display_name":"Positive relationship","score":0.42156416177749634},{"id":"https://openalex.org/keywords/perspective","display_name":"Perspective (graphical)","score":0.4162638187408447},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2841333746910095},{"id":"https://openalex.org/keywords/politics","display_name":"Politics","score":0.1291988492012024},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.0900023877620697}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6281009316444397},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6250036954879761},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5481699705123901},{"id":"https://openalex.org/C2986115478","wikidata":"https://www.wikidata.org/wiki/Q186290","display_name":"Positive correlation","level":2,"score":0.5419121980667114},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.5075198411941528},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.49723032116889954},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.4950627386569977},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.4463712275028229},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.43054431676864624},{"id":"https://openalex.org/C2993311118","wikidata":"https://www.wikidata.org/wiki/Q51379","display_name":"Positive relationship","level":2,"score":0.42156416177749634},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.4162638187408447},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2841333746910095},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.1291988492012024},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0900023877620697},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3564858.3564911","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3564858.3564911","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2022 the 5th International Conference on Information Management and Management Science","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":8,"referenced_works":["https://openalex.org/W2366892266","https://openalex.org/W3022942277","https://openalex.org/W3122962530","https://openalex.org/W3122979540","https://openalex.org/W3124114405","https://openalex.org/W3125293776","https://openalex.org/W3125686936","https://openalex.org/W6659732476"],"related_works":["https://openalex.org/W3034213484","https://openalex.org/W2392568056","https://openalex.org/W2574075582","https://openalex.org/W2212780292","https://openalex.org/W2460984802","https://openalex.org/W4236071118","https://openalex.org/W4285022446","https://openalex.org/W2346928330","https://openalex.org/W1553432531","https://openalex.org/W3049755229"],"abstract_inverted_index":{"Using":[0],"the":[1,24,34,61,63,76,80,86,90,94],"data":[2],"of":[3,36,44,89],"all":[4],"A-share":[5],"listed":[6],"companies":[7],"in":[8],"Shanghai":[9],"and":[10,30,39],"Shenzhen":[11],"stock":[12],"exchanges":[13],"from":[14,33],"2011":[15],"to":[16,97],"2020":[17],"as":[18],"research":[19,83],"samples,":[20],"this":[21,45],"paper":[22,46],"analyzes":[23],"relationship":[25],"between":[26,79,93],"corporate":[27,71,99],"strategic":[28],"radicality":[29],"inefficient":[31,56],"investment":[32,66],"perspective":[35],"information":[37],"asymmetry":[38],"agency":[40],"problems.":[41],"The":[42,58],"results":[43],"show":[47],"that:":[48],"Strategic":[49],"aggressiveness":[50],"is":[51,96],"significantly":[52],"positively":[53],"correlated":[54],"with":[55],"investment;":[57],"more":[59,64],"radical":[60],"strategy,":[62],"over":[65],"is;":[67],"Moreover,":[68],"a":[69],"good":[70],"governance":[72],"mechanism":[73],"will":[74],"reduce":[75],"positive":[77,91],"correlation":[78,92],"two.":[81],"Further":[82],"finds":[84],"that":[85],"economic":[87],"consequence":[88],"two":[95],"aggravate":[98],"risk.":[100]},"counts_by_year":[],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}