IDEAS home Printed from https://ideas.repec.org/a/mth/bmsmti/v15y2024i2p243-259.html
   My bibliography  Save this article

Financial Service and Performance of Chinese Private Companies: The Mediating Role of Technological Innovation

Author

Listed:
  • Xiaoran Wang
  • Haslindar Ibrahim
  • Le Bo

Abstract

Financial performance is one of the key essential elements of financial management. Therefore, this research is to investigate the effects of financial service on the financial performance of private listed firms in China and looks at how firm technological innovation plays a mediating role in this relationship. This study includes 4,635 private listed companies in China from 2013 to 2022 and adopts a robust fixed effects model for benchmark regression. In the robustness test, two-stage least squares, alternative proxies and time segmentation are used to back up the findings. It is found that financial service is significantly and positively related to firm financial performance. Moreover, there is a potential mediating mechanism of corporate technological innovation along this path of the influence of financial service on firm financial performance. The findings provide empirical evidence for private firms and related groups such as policymakers in China.

Suggested Citation

  • Xiaoran Wang & Haslindar Ibrahim & Le Bo, 2024. "Financial Service and Performance of Chinese Private Companies: The Mediating Role of Technological Innovation," Business Management and Strategy, Macrothink Institute, vol. 15(2), pages 243-259, December.
    • Handle: RePEc:mth:bmsmti:v:15:y:2024:i:2:p:243-259
    as

    Download full text from publisher

    File URL: https://www.macrothink.org/journal/index.php/bms/article/download/22258/17095
    Download Restriction: no
    File URL: https://www.macrothink.org/journal/index.php/bms/article/view/22258
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mth:bmsmti:v:15:y:2024:i:2:p:243-259. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Technical Support Office (email available below). General contact details of provider: http://www.macrothink.org/journal/index.php/bms .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.