“Housing for all” at the era of financialization; can (post-disaster) cities become truly socially resilient and egalitarian?

This paper examines the realism of the resilience ambition and process of the U.S. housing system, shedding light on its heterogeneity as well as the financialization currently acting as the driving force in real estate production. The resilience ambition leading to enhanced justice and egalitarianism is understood as the provision and maintenance of post-disaster housing for all within an institutionally diverse landscape of housing policy makers and implementers. Particular emphasis is given to the post-Katrina institutional transformations resulting from multifarious interactions between multilevel institutional structures and a diverse landscape of low-income housing policy implementers – referred as social resilience cells (SRCs) in this paper. The nature and level of these transformations determine the degree to which resilience in its heterogeneous form has been incubated in New Orleans. The paper concludes with a discussion on the macro conditions and bottom-linked governance structures under which all SRCs could be better bolstered in a post-financialization, radicalised neowelfare U.S., and which in turn create possibilities for materialising the resilience ambition.     

企业金融化与绿色转型研究：机制识别与政策优化

实体企业金融化往往会对其经营管理决策产生重大影响。本文基于实体上市企业年报和财务数据（2007—2020年）,构建其绿色转型指标,进而从理论和实证两个方面确证了金融化对绿色转型的影响与机制问题。实证结果表明,企业金融化会对其绿色转型产生显著的负面冲击,其中短期金融化行为的影响更为明显;特别地,这一冲击对重污染企业、战略性新兴企业绿色转型的影响更为显著。通过机制识别,研究发现上述冲击影响主要通过恶化财务状况、提升企业风险并降低企业预期等渠道导致企业绿色转型水平下降。进一步地,通过政策优化（如金融综合改革试验区制度）支持,上述负面效应将被显著削弱,这也说明金融体制机制的优化是降低企业金融化负面效应,提升其转型升级动力和意愿的重要路径。