财务柔性、企业规模和企业价值的相关性

发布时间：2018-03-13 09:40

本文选题：财务柔性　切入点：企业价值　出处：《财会月刊》2017年23期 　论文类型：期刊论文

【摘要】：提升企业价值是企业最基本的利益诉求。以2011~2015年为研究期间,深沪两市A股上市公司为样本,环境不确定性为基本视角,探究企业储备的财务柔性和企业规模与企业价值的相关性。研究发现:企业储备适量财务柔性可以提升其价值;不确定的环境会阻碍企业价值的提升,但这种负面影响可以通过储备相应的财务柔性来抑制或消除;企业追求规模效益,会对其价值提升产生阻碍作用,但储备财务柔性可以削弱该作用。
[Abstract]:The promotion of enterprise value is the most basic interest demand of enterprises. During the period of 2011 ~ 2015, A share listed companies in Shenzhen and Shanghai stock markets are taken as samples, and environmental uncertainty is the basic angle of view. This paper explores the financial flexibility of the enterprise reserve and the correlation between the enterprise size and the enterprise value. It is found that the appropriate amount of the financial flexibility of the enterprise reserve can enhance its value, and the uncertain environment will hinder the promotion of the enterprise value. However, this negative influence can be restrained or eliminated by the corresponding financial flexibility of the reserve, and the enterprise's pursuit of scale benefit will hinder its value enhancement, but the reserve financial flexibility can weaken this role.
【作者单位】：武汉科技大学管理学院;
【分类号】：F275;F832.51

【参考文献】