How Does Service Innovation Enhance Financial Performance in Manufacturing Enterprises?: Evidence from China
Shuie Sun,
Zhenfeng Cheng
Abstract:The precise relationship between service innovation and financial outcomes in this context remains ambiguous. This study examines the extent to which service innovation contributes to financial outcomes, analyzing data from 512 manufacturing companies across China from 1993 to 2017, sourced from the CSMAR database. Utilizing OLS regression and fixed effects model method, we identify a positive nonlinear correlation between service innovation and financial performance, highlighting a “service dilemma” that vari… Show more
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