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

Shuping Wei, Fangxin Jiang, Jiawei Pan and Qihai Cai

Finance Research Letters, 2023, vol. 58, issue PD

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: Financial innovation; Corporate high-quality development; Government auditing (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s154461232300939x

DOI: 10.1016/j.frl.2023.104567

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