Xu, Jian; Liu, Feng - In: Journal of business economics and management 22 (2021) 1, pp. 217-235
listed companies in the Chinese context. Financial performance is measured from two distinct aspects: (1) firm profitability … profit margin (GPM), and (2) corporate return, measured through return on investment (ROI), return on assets (ROA), and … return on equity (ROE). The results show a positive relationship between NPM, GPM, ROI, ROA, ROE, and IC (measured through …