The Impact of Financial Shared Services on Stock Price Synchronicity

Main Article Content

Xiaoyue Xu
School of Management and Economics, The Chinese University of Hong Kong, Shenzhen, Shenzhen, 518172, China

DOI: https://doi.org/10.70267/icrafm.202617171178

Keywords

financial shared services, stock price synchronicity, accounting information comparability

Abstract

With the deep integration of digital economy and financial transformation, the construction of enterprise Financial Shared Service Center has entered a period of rapid development. This study selects the Shanghai-Shenzhen A-share listed companies in China from 2021-2025 as a sample, analyzes the impact of financial shared services on the synchronization of enterprise stock prices, and further examines the transmission mechanism of accounting information comparability between financial shared services and stock price synchronization. The results show that the establishment of financial shared services centers by enterprises has significantly reduced the synchronization of stock prices; Accounting information comparability exhibits a weak masking effect on stock price synchronicity, but the role of financial shared services in directly reducing the synchronization of stock prices still dominates; In non-state-owned enterprises and large-scale enterprises, the inhibition of stock price synchronization by financial shared services is more obvious. The research of this study will help enterprises understand the specific impact on pricing efficiency when promoting financial shared services, and also provide reference for investors' rational decision-making and regulatory departments to improve capital market information governance.

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Published
Oct 19, 2026
Conference Proceedings Volume
Vol. 17 (2026): Proceedings of the International Conference on Research in Accounting, Finance and Management (ICRAFM 2026)
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How to Cite

Xu, Xiaoyue. “The Impact of Financial Shared Services on Stock Price Synchronicity”. Exploring Science Academic Conference Series, vol. 17, Oct. 2026, pp. 171-8, https://doi.org/10.70267/icrafm.202617171178.