Research Article
The Impact of Financial Shared Services on Corporate Performance ——Based on the Intermediary Role of Working Capital Management Efficiency
@INPROCEEDINGS{10.4108/eai.18-11-2022.2326845, author={Jinping Liu and Xinyue Zhao}, title={The Impact of Financial Shared Services on Corporate Performance ------Based on the Intermediary Role of Working Capital Management Efficiency}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={financial shared service; working capital management efficiency; corporate performance}, doi={10.4108/eai.18-11-2022.2326845} }- Jinping Liu
Xinyue Zhao
Year: 2023
The Impact of Financial Shared Services on Corporate Performance ——Based on the Intermediary Role of Working Capital Management Efficiency
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2326845
Abstract
Financial Shared Service (FSS) is an innovative means to realize enterprise process standardization and lean, and it is a brand-new institutional arrangement for enterprises to integrate financial operations and re-engineer financial processes. This article uses A-share listed companies that have established a Financial Shared Service Center (FSSC) before 2018 and their matching companies as samples, uses 2020 as the data collection period, and uses STATA15.0 software to conduct regression analysis and intermediary effect testing procedures to study the impact of the implementation of FSS on corporate performance and the intermediary effect of working capital management efficiency in this process. The research results show that the implementation of FSS can improve corporate performance and working capital management efficiency, and working capital management efficiency plays a partial intermediary effect in the process of FSS affecting corporate performance.