Citation
Zhou, Siyu and Amin Noordin, Bany Ariffin and Tunde, Matemilola Bolaji
(2024)
Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective.
Accounting and Finance.
ISSN 0810-5391; eISSN: 1467-629X
Abstract
This study investigates the role of corporate innovation in moderating the impact of working capital management on profitability for a Chinese high-tech manufacturing industry. Using a two-way fixed effect model and subgroup analysis, we found that net working capital (NWC) negatively impacted corporate profitability, while corporate innovation magnified the inverse association between the NWC and profitability. This moderating effect was stronger in non-state-owned enterprises (SOEs) than in SOEs, and different company sizes exhibited varying effects. This study enhances our understanding of the role of corporate innovation financial management and provides valuable insights for innovation research in emerging economies.
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Official URL or Download Paper: https://onlinelibrary.wiley.com/doi/10.1111/acfi.1...
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Additional Metadata
Item Type: | Article |
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Divisions: | School of Business and Economics |
DOI Number: | https://doi.org/10.1111/acfi.13315 |
Publisher: | John Wiley and Sons Inc |
Keywords: | Corporate profitability; High-tech manufacturing industry; Innovation; Working capital management |
Depositing User: | Mohamad Jefri Mohamed Fauzi |
Date Deposited: | 31 Jan 2025 03:30 |
Last Modified: | 31 Jan 2025 03:30 |
Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1111/acfi.13315 |
URI: | http://psasir.upm.edu.my/id/eprint/113940 |
Statistic Details: | View Download Statistic |
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