In response to the issue of trade frictions affecting corporate financial performance,based on the an-nual report data of 142 semiconductor listed companies in China's Shanghai and Shenzhen A-shares from 2013 to 2022,and based on the porter theory and financial analysis theory,the intermediary effect model is used to empiri-cally analyze the relationship between trade frictions,organizational resilience,and corporate financial perform-ance.Research has found that economic and trade frictions significantly improve corporate financial performance;Organizational resilience plays a mediating role between economic and trade frictions and entrepreneurial financial performance;The equity structure and executive characteristics significantly regulate the mediating effect of organi-zational resilience on the relationship between trade frictions and entrepreneurial financial performance.That is,when the enterprise is state-owned or the executive has a graduate degree or above,the inhibitory effect of trade friction on entrepreneurial financial performance weakens.The study reveals the impact path of trade frictions on the micro financial performance of enterprises,as well as the governance role of organizational resilience on entre-preneurial financial performance under trade friction.It provides empirical evidence for formulating two-way own-ership reform policies,constructing modern corporate governance structures,and achieving high-quality develop-ment of"technological innovation-oriented"enterprises.
trade frictionsorganizational resilienceentrepreneurial financial performanceporter's theoryfinancial analysis theory
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万方数据
