Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective
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 corpo...
| Main Authors: | , , |
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| Format: | Article |
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John Wiley and Sons Inc
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/113940/ |
| _version_ | 1848866361891094528 |
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| author | Zhou, Siyu Amin Noordin, Bany Ariffin Tunde, Matemilola Bolaji |
| author_facet | Zhou, Siyu Amin Noordin, Bany Ariffin Tunde, Matemilola Bolaji |
| author_sort | Zhou, Siyu |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T14:19:23Z |
| format | Article |
| id | upm-113940 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T14:19:23Z |
| publishDate | 2024 |
| publisher | John Wiley and Sons Inc |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1139402025-01-31T03:30:08Z http://psasir.upm.edu.my/id/eprint/113940/ Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective Zhou, Siyu Amin Noordin, Bany Ariffin Tunde, Matemilola Bolaji 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. John Wiley and Sons Inc 2024-08 Article PeerReviewed 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 https://onlinelibrary.wiley.com/doi/10.1111/acfi.13315 10.1111/acfi.13315 |
| spellingShingle | Zhou, Siyu Amin Noordin, Bany Ariffin Tunde, Matemilola Bolaji Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective |
| title | Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective |
| title_full | Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective |
| title_fullStr | Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective |
| title_full_unstemmed | Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective |
| title_short | Innovation's influence on working capital management and profitability: a Chinese high-tech manufacturing perspective |
| title_sort | innovation's influence on working capital management and profitability: a chinese high-tech manufacturing perspective |
| url | http://psasir.upm.edu.my/id/eprint/113940/ http://psasir.upm.edu.my/id/eprint/113940/ http://psasir.upm.edu.my/id/eprint/113940/ |