中文摘要：

作为经济金融化微观层面的重要表现,非金融企业金融化现象日益凸显。以2001-2014年我国A股上市的非金融企业为研究对象,借助Eviews6.0软件,运用最小二乘法,从宏观和微观两个层面实证分析我国非金融企业金融化的影响因素。研究表明：企业的金融化程度随着其股东价值最大化观念的增强而加深,企业金融资产持有比例与其主营业务利润率呈U型关系,稳定的宏观经济环境会弱化企业的金融投资行为。

英文摘要：

With the development of economic financialization,more and more non-financial enterprises prefer to invest financial assets.The paper analyzes the Chinese non-financial listed companies from 2001 to 2014.The influencing factors of financialization of non-financial enterprises are empirically investigated at macro-and micro-level based on the least squares method using Eviews 6.0.It finds that：the degree of financialization of the enterprise has been deepened with the maximizing of the shareholder value;there is a U-shaped relationship between the degree of financialization and the operating profit rate;a stable macroeconomic environment will weaken the financial investment behavior of enterprises.