Proceedings of the 2018 3rd International Conference on Humanities Science, Management and Education Technology (HSMET 2018)

Research on the Influence of Corporate Social Capital on Cash Flow Risk

Authors
Ling Li, Qian Yang
Corresponding Author
Ling Li
Available Online June 2018.
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/).

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Volume Title
Proceedings of the 2018 3rd International Conference on Humanities Science, Management and Education Technology (HSMET 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
June 2018
ISBN
10.2991/hsmet-18.2018.77
ISSN
2352-5398
DOI
10.2991/hsmet-18.2018.77How to use a DOI?
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  -