Financial innovation, government auditing and corporate high-quality development: Evidence from China

Shuping Wei; Fangxin Jiang; Jiawei Pan; Qihai Cai

doi:10.1016/j.frl.2023.104567

Financial innovation, government auditing and corporate high-quality development: Evidence from China

Shuping Wei, Fangxin Jiang, Jiawei Pan, Qihai Cai^*

^*Corresponding author for this work

Research output: Contribution to journal › Journal Article › peer-review

16 Citations (Scopus)

Abstract

Financial innovation has permeated various facets of corporate growth, yet the impact of financial innovation on corporate high-quality development (HQD) remains unclear. Building on the data of A-share listed Chinese manufacturing firms from 2011 to 2020, this study examines the influence of regional financial innovation on corporate HQD with the moderation of government auditing. The research findings indicate that financial innovation promotes corporate HQD. Government auditing amplifies the role of financial innovation in enhancing corporate HQD. The impact of financial innovation on corporate HQD exhibits heterogeneity, and the effects are stronger for firms with higher levels of HQD and SOEs.

Original language	English
Article number	104567
Journal	Finance Research Letters
Volume	58
DOIs	https://doi.org/10.1016/j.frl.2023.104567
Publication status	Published - Dec 2023
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2023 Elsevier Inc.

Keywords

Corporate high-quality development
Financial innovation
Government auditing

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.frl.2023.104567

Cite this

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title = "Financial innovation, government auditing and corporate high-quality development: Evidence from China",

abstract = "Financial innovation has permeated various facets of corporate growth, yet the impact of financial innovation on corporate high-quality development (HQD) remains unclear. Building on the data of A-share listed Chinese manufacturing firms from 2011 to 2020, this study examines the influence of regional financial innovation on corporate HQD with the moderation of government auditing. The research findings indicate that financial innovation promotes corporate HQD. Government auditing amplifies the role of financial innovation in enhancing corporate HQD. The impact of financial innovation on corporate HQD exhibits heterogeneity, and the effects are stronger for firms with higher levels of HQD and SOEs.",

keywords = "Corporate high-quality development, Financial innovation, Government auditing",

author = "Shuping Wei and Fangxin Jiang and Jiawei Pan and Qihai Cai",

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year = "2023",

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doi = "10.1016/j.frl.2023.104567",

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T1 - Financial innovation, government auditing and corporate high-quality development

T2 - Evidence from China

AU - Wei, Shuping

AU - Jiang, Fangxin

AU - Pan, Jiawei

AU - Cai, Qihai

PY - 2023/12

Y1 - 2023/12

N2 - Financial innovation has permeated various facets of corporate growth, yet the impact of financial innovation on corporate high-quality development (HQD) remains unclear. Building on the data of A-share listed Chinese manufacturing firms from 2011 to 2020, this study examines the influence of regional financial innovation on corporate HQD with the moderation of government auditing. The research findings indicate that financial innovation promotes corporate HQD. Government auditing amplifies the role of financial innovation in enhancing corporate HQD. The impact of financial innovation on corporate HQD exhibits heterogeneity, and the effects are stronger for firms with higher levels of HQD and SOEs.

AB - Financial innovation has permeated various facets of corporate growth, yet the impact of financial innovation on corporate high-quality development (HQD) remains unclear. Building on the data of A-share listed Chinese manufacturing firms from 2011 to 2020, this study examines the influence of regional financial innovation on corporate HQD with the moderation of government auditing. The research findings indicate that financial innovation promotes corporate HQD. Government auditing amplifies the role of financial innovation in enhancing corporate HQD. The impact of financial innovation on corporate HQD exhibits heterogeneity, and the effects are stronger for firms with higher levels of HQD and SOEs.

KW - Corporate high-quality development

KW - Financial innovation

KW - Government auditing

UR - https://www.webofscience.com/wos/woscc/full-record/WOS:001097346400001

UR - https://openalex.org/W4387853320

U2 - 10.1016/j.frl.2023.104567

DO - 10.1016/j.frl.2023.104567

M3 - Journal Article

SN - 1544-6123

VL - 58

JO - Finance Research Letters

JF - Finance Research Letters

M1 - 104567

ER -

Financial innovation, government auditing and corporate high-quality development: Evidence from China

Abstract

Bibliographical note

Keywords

UN SDGs

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