Can Business-Finance Integration Enhance Organizational Resilience? Evidence From China

In light of heightened market competitiveness and environmental unpredictability, enterprises must undergo profound transformations to sustain development. While business-financial integration (BFI) is advocated as a key management accounting innovation to bridge financial practices and business operations, a significant research gap exists regarding its concrete impact on organizational resilience, particularly the mechanisms through which this effect materializes and the conditions under which it does so. This study, using data from A-share-listed companies in China from 2018 to 2023, empirically investigates this core research question. The findings indicate that: (1) BFI significantly strengthens organizational resilience; (2) mechanism analysis confirms that the enhancement of accounting information quality serves as a partial mediator in the BFI-organizational resilience relationship. Furthermore, environmental uncertainty negatively moderates this mediating effect; (3) heterogeneity analysis reveals that BFI enhances organizational resilience more significantly in small and medium-sized enterprises (SMEs) and non-state-owned enterprises. This study contributes to the literature by empirically establishing the BFI- organizational resilience link, unveiling the ‘black box’ of its mechanism, and identifying the contextual constraints and heterogeneity of its impact, thus offering nuanced insights for both theory and managerial practice.