Core Insights - The degree of financialization of listed companies is a complex and dynamic concept that reflects the proportion of financial asset allocation and the ability to profit through financial channels during business operations [1] Data Overview - Data Name: Panel data on the financialization degree of listed companies + Stata code (2000-2024) - Scope: 2000 - 2024, including raw data, running code, final results (Excel and Dta), and references [2] - Financial assets include: trading financial assets, derivative financial assets, net loans and advances, net available-for-sale financial assets, net held-to-maturity investments, and net investment properties [2] Indicators Explanation - A dummy variable (finratio) is defined to indicate whether a company has purchased financial assets, serving as a substitute variable for corporate financialization [2] - Financialization degree (Finratio1) is calculated as the proportion of financial channel profits, fair value changes, and other comprehensive income to operating profit [2] - Standardized financialization degree (Finratio2) is defined as (financial channel profits - operating profit) / |operating profit| [2] Data Files - Various data files are provided, including financialization codes, annual basic information tables, and balance sheets, with sizes ranging from 222KB to 89.39MB [2]