Research on the Influence of Corporate Social Capital on Cash Flow Risk
- DOI
- 10.2991/hsmet-18.2018.77How to use a DOI?
- Keywords
- Product market competition, Cash flow risk, Financing constraints
- Abstract
The stable output of cash flow is an important indicator to measure the business conditions of enterprises, and it is also an important guarantee for promoting the growth of enterprises and improving market competitiveness. This paper takes China's A stock as a sample, introduces the degree of product market competition as the adjustment variable, and focuses on the social capital's influence on the company's cash flow risk. The empirical test found that the greater the corporate finance, political and social capital, the smaller the cash flow risk; the degree of product market competition plays a negative regulatory effect in the process of corporate social capital affecting cash flow risk.
- Copyright
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Ling Li AU - Qian Yang PY - 2018/06 DA - 2018/06 TI - Research on the Influence of Corporate Social Capital on Cash Flow Risk BT - Proceedings of the 2018 3rd International Conference on Humanities Science, Management and Education Technology (HSMET 2018) PB - Atlantis Press SP - 395 EP - 401 SN - 2352-5398 UR - https://doi.org/10.2991/hsmet-18.2018.77 DO - 10.2991/hsmet-18.2018.77 ID - Li2018/06 ER -