Financial Flexibility,Social Responsibility and Company Performance:An Empirical Study Based on the Shanghai Stock Exchange Main Board
The two attributes of"prevention"and"utilization"of financial flexibilit-y are closely related to enterprise performance.In this article,the above A-share data from 2013 to 2022 is a research sam-ple.The stata software is used to empir-ically test the relationship between financial flexibility,corpo-rate social responsibility and enterprise performance.The study found that the impact of financial flex-ib-ility on enterprise performance presents an inverted"U"relationship;social respon-sibility is condu-cive to corporate social responsibility and enterprise performance.The study found that the impact of financial flexibility on enterprise performance presents an inverted"U"relationship;social responsibili-ty is conducive to corporat-e performance.The improvement of efficiency;the multiplication of finan-cial flex-ibility and social responsibility has a significant positive impact on enterprise perf-ormance at the level of 1%,indicating that social responsibility will strengthen th-e characteristics of financial flexibility.Therefore,enterprises need to accurately g-rasp the threshold of financial flexibility,make full use of the positive adjustment of social responsibility on financial flexibility,and help improve per-formance.
NETL
NSTL
万方数据
