An Empirical Analysis of the Correlation between Listed Companies’ Financial Shared Services and Corporate Innovation Performance: Based on the Empirical Data of A-Share Listed Companies

With the rapid development of information technology, the financial sharing service is a new type of financial management that saves human capital, changes management concepts, improves management efficiency, and improves the internal control environment by centralizing the simple and repetitive work of enterprises. Financial shared services will strengthen the innovation capabilities of enterprises in terms of financial personnel, management personnel, and internal control environment. Therefore, in order to explore whether the new management model of financial shared services can bring about an improvement in the level of corporate innovation, this article starts from the perspective of financial shared services, takes A-share listed companies as the research sample, and uses the DID regression model to empirically analyze the relationship between financial shared services and the correlation between corporate innovation performance. The results of the research show that implementing financial sharing service can significantly improve enterprise innovation performance.