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Examining the effects of corporate financialization and organizational redundancy on firm performance

Author

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  • Sun, Weixiang
  • Guo, Yongzhong
  • Xie, Yan

Abstract

Based on panel data of listed companies in China's A-share market from 2010 to 2023, this study analyzes the impact of corporate financialization and organizational redundancy on corporate performance by integrating empirical results. The findings indicate that corporate financialization has a significant positive effect on operating performance; organizational redundancy exerts a noticeable negative weakening effect on operating performance; organizational redundancy plays an important mediating role in the pathway through which corporate financialization influences corporate performance; heterogeneity analysis reveals that the impact of corporate financialization on corporate performance differs significantly between state-owned enterprises (SOEs) and private enterprises (PEs); similarly, the inhibitory effect of organizational redundancy on corporate performance also exhibits differing intensities between these two types of enterprises.

Suggested Citation

  • Sun, Weixiang & Guo, Yongzhong & Xie, Yan, 2025. "Examining the effects of corporate financialization and organizational redundancy on firm performance," International Review of Economics & Finance, Elsevier, vol. 101(C).
    • Handle: RePEc:eee:reveco:v:101:y:2025:i:c:s1059056025004204
    DOI: 10.1016/j.iref.2025.104257
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