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Research on the impact of China’s listed companies’ financial accounting on innovation: Experience data from listed companies in Shenzhen and Shanghai
| Content Provider | Scilit |
|---|---|
| Author | Lu, Q. Sheng, C. Fu, G. |
| Copyright Year | 2021 |
| Description | In the process of changing from being factor-driven to innovation-driven in China, there is a complex impact of debt as an important index in the financial accounting of enterprises. We analyze the innovation level of the A-share-listed companies in Shanghai and Shenzhen with relevant data. We found that: (1) When other conditions remain unchanged, the asset liability ratio of the enterprises and the innovation level are inverted U-type relations. (2) The inverted U-type relationship will weaken with the enhancement of enterprise growth and is highlighted by the gradual expansion of the enterprise size. (3) Whether the company is state-owned or not has no obvious influence on this inverted U-type relationship. We suggest enterprises regulate the level of debt and improve their innovation ability by: (1) Paying attention to the level of debt and adjust their financing decision-making; (2) Improving the management system and optimizing the enterprise management; and (3) Building supporting facilities and enhancing innovation capabilities. Book Name: Computational Social Science |
| Related Links | https://content.taylorfrancis.com/books/download?dac=C2020-0-17411-5&isbn=9781003144977&doi=10.1201/9781003144977-42&format=pdf |
| Ending Page | 320 |
| Page Count | 12 |
| Starting Page | 309 |
| DOI | 10.1201/9781003144977-42 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2021-02-18 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Computational Social Science Urban and Regional Planning Decision Making Innovation Shanghai Building Enterprise Optimizing Listed Companies |
| Content Type | Text |
| Resource Type | Chapter |
