Contact us
 |
[email protected] |
 |
3275638434 |
 |
 |
| Paper Publishing WeChat |
Useful Links
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Yanan Wen
Yihan Wang
Full-Text PDF
XML 483 Views
DOI:10.17265/2328-2185/2021.05.002
Affiliation(s)
Southwest University, Chongqing, China
Nanjing University of Finance and Economics, Nanjing, China
ABSTRACT
Taking Chinese A-share listed corporations as sample, this paper studies whether the implementation of financial shared service center, an IT-based financial management practice, can significantly improve the business performance. We conduct Wilcoxon rank sum test and OLS regression model. The results show that there is a significant difference in business performance between the corporations without financial shared service center and the matching samples which have implemented financial shared service. In addition, the positive effect of financial shared services on business performance has a time-lag. As the corporations become adept on financial shared services, their business performance such as profitability, operating ability and growth could be improved steadily. Our study provides suggestions on whether corporations’ might upgrade their financial system and how to evaluate the implementation results.
KEYWORDS
financial shared services, business performance, Wilcoxon test, OLS regression
Cite this paper
References