The study looked at how Chinese companies in different industries manage their finances. They found that from 2007 to 2013, the companies' financial structures changed a lot, but from 2013 to 2017, they stayed more stable. The researchers also saw a connection between the companies' financial choices and the overall economy. Each industry had its own typical financial structure, which stayed consistent over time. This suggests that Chinese companies should think about their industry's financial norms when deciding how to manage their money.