Open AccessInternal Control, Financial Flexibility and Corporate Performance – Based on empirical analysis of listed companies in information Technology industry
Author(s) -
Yangyang Gu,
Fangying Yuan
Publication year - 2020
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1607/1/012118
Subject(s) - flexibility (engineering) , business , control (management) , corporate finance , research object , accounting , finance , industrial organization , economics , management , business administration
This paper takes non-ST and non-* ST listed companies in information technology industry from 2015 to 2018 as the research object, analyzes the relationship between financial flexibility and corporate performance, and further studies the relationship among internal control, financial flexibility and corporate performance. Research shows that financial flexibility has an inverted U-shaped relationship with corporate performance, that is, within a certain range, financial flexibility promotes corporate performance, but beyond this range, financial flexibility is not conducive to the improvement of corporate performance. Internal control has a positive adjustment effect on the relationship between financial flexibility and corporate performance.