Research On Key Influencing Factors And Economic Consequences Of Location Selection Of Financial Shared Service Center

With the development of enterprise grouping and transnationalization,financial transformation has become an inevitable trend of enterprise group transformation.The Financial Shared Service Center promotes financial transformation and upgrading,and has become an effective organizational management model,which is favored by more and more enterprise groups.The primary task of the financial sharing service center is to select the site,which is the key link in the planning and design of the financial shared service center.The correct location of the financial sharing service center will directly affect the sharing efficiency,efficiency and return on investment,and restrict the performance of business execution.Therefore,it is of great practical significance to explore the location of the financial sharing service center.This article mainly discusses two major contents:First,it discusses the key influencing factors and heterogeneity analysis of the location of the financial shared service center.Use the crawler software(Octopus Collector)to crawl the relevant content of the"Financial Shared Service Center Site Selection" and "Shared Service Center Site Selection" on the webpage,and then use the word frequency statistics method to calculate the impact of the location of the financial sharing service center.Factors,establish an unbalanced panel model,use the Swamy-Arora variance decomposition estimation method for regression testing,and use standardized regression coefficients to measure the importance of each influencing factor and derive key influencing factors.Then,according to the nature of ownership,industry,scale and region,the enter:prises are classified and the sub-sample regression analysis is used to explore the heterogeneity of the key influencing factors of the location of financial sharing service centers in different enterprises.The second is to explore the economic consequences of the location of the financial shared service center.Different factors are considered when selecting a site in a financial shared service center,which will result in different economic consequences for the location of the financial shared service center.From the distribution of the financial shared service center,there are two main characteristics at present:on the one hand,the site is located in the first-tier cities,and the first-tier cities have better resources,but the cost is higher than other cities,such as labor costs and office costs.Wait.On the other hand,it is located in the city where the headquarters is located.The headquarters is located with rich logistics resources and convenient communication with the headquarters.Site selection in the headquarters city is more effective than other cities to effectively communicate and improve efficiency.Based on this,two hypotheses are proposed.First,the selection of financial shared service centers in non-first-tier cities is more effective in reducing costs than in first-tier cities.Second,the financial sharing service center is selected in the group headquarters city to improve operational efficiency more than in other cities.The one-to-one matching of samples was performed using the propensity score matching method,and the Wilcoxon rank sum test method was used to test the two groups of samples.The paper finds that the key influencing factors of the location of financial shared service center are talent quality,communication with headquarters,cultural environment,labor cost,regional competitiveness and human resources,and the key impact of different classification sample financial sharing service center location.There are heterogeneity factors;location in non-first-tier cities can reduce costs more than first-tier cities,and location in the headquarters cities can improve operational efficiency.Finally,based on the above findings,conclusions and recommendations are given.