At the present stage of China's economic development, "industry plus capital" has become the only way for enterprises to grow. However, the financing behavior of enterprises is greatly influenced by the ...At the present stage of China's economic development, "industry plus capital" has become the only way for enterprises to grow. However, the financing behavior of enterprises is greatly influenced by the financial environment. How to recognize the financial environment of enterprises themselves and improve the financial environment by what means, so as to ensure the smooth implementation of enterprise financing activities, thus promoting enterprises to become bigger and stronger, has become a problem that many enterprises are thinking about and urgently need to solve. This paper starts with the financial environment factors that enterprises face in financing, analyzes the specific factors that the financial environment affects financing, and the mechanism of each factor, focusing on the actual situation that enterprises are facing at present, such as the imperfect institutional system, the lack of close contact with the capital market, the insufficient cost risk control and other factors that affect financing decision-making, and finally gives some measures and suggestions for these problems. I hope it can help enterprises optimize the financial environment, promote the smooth development of enterprise financing activities, solve the financing difficulties and promote the sound development of enterprises.展开更多
Capital is one of the core elements of enterprise development. Whether an enterprise can obtain stable, sufficient and timely capital will directly affect its own actual operation and development. Financing can fully ...Capital is one of the core elements of enterprise development. Whether an enterprise can obtain stable, sufficient and timely capital will directly affect its own actual operation and development. Financing can fully inject the corresponding development driving force into the enterprise and help it develop efficiently. As a key participant in market economic activities, enterprises have a direct impact on the economic and technological progress of the whole society. In practice, the difficulty of financing is closely related to the financial environment of enterprises. The quality of the financial environment is closely related to the production, operation and financial activities of enterprises. Only by constantly optimizing the financial environment of enterprises and obtaining more financing opportunities can enterprises provide better assistance for the sound development of enterprises. Enterprises should actively analyze the financial environment, clarify the impact of the financial environment when financing, and put forward corresponding financing development strategies and suggestions to promote the sound development of enterprises.展开更多
Cash flow is a core element for enterprises to maintain operations and development.Cash flow forecasting models,through systematic analysis of an enterprise’s historical cash flow data,trends in operating activities,...Cash flow is a core element for enterprises to maintain operations and development.Cash flow forecasting models,through systematic analysis of an enterprise’s historical cash flow data,trends in operating activities,and external environmental factors,scientifically predict the scale,direction,and fluctuation of cash flow within a certain period in the future.This article focuses on the application of cash flow forecasting models in enterprise investment and financing decisions,sorts out the types and core functions of the models,analyzes their specific roles in investment project screening,financing plan formulation,risk prevention and control,and fund allocation,points out the existing problems in current applications,and proposes optimization paths.Research shows that the scientific application of cash flow forecasting models can enhance the accuracy and rationality of enterprises’investment and financing decisions,and help enterprises achieve sustainable development.展开更多
Against the background that the central government is strengthening macro control and tightening credit scale of real estate businesses, financing capacity becomes the determinant for a real estate enterprise＇s devel...Against the background that the central government is strengthening macro control and tightening credit scale of real estate businesses, financing capacity becomes the determinant for a real estate enterprise＇s development. Domestic enterprises have many ways of financing, and this paper describes ten common models, simply analyses the advantages and disadvantages of each model, while explains and recommends three financing models with practical examples： individual entrusted loan, trust financing and assets securitization.展开更多
Small and medium sized clothing enterprises have become an important force to promote China＇s economic transformation. But the shortage of funds in the development of small and medium sized clothing enterprises is st...Small and medium sized clothing enterprises have become an important force to promote China＇s economic transformation. But the shortage of funds in the development of small and medium sized clothing enterprises is still a major problem. The development of Intemet financial model is of great significance to the small and Medium Sized Clothing Enterprises .It is helpful to solve the problems of information asymmetry, credit rationing and high loan cost in the financing of small and medium sized clothing enterprises..In many financial models on the interne＇., to our vast number of small and medium-sized enterprises provide convenient services, but in the face of this model using diffcrent opinions, and there is no pertinence, for most of the enterprises are usually similar situation was a summary and recommendations, there are a handful of targeted research ,This research is for research, in order to solve the financing problems of China＇s small and medium-sized garment enterprises countermeasures were studied to find a suitable China＇s small and medium-sized garment enterprises financing path with, for small and medium-sized garment enterprises in the capital needs of the guiding role, for the enterprise to avoid financial risk. the lnternet financial model to solve the financing problem of small and medium-sized garment enterprises play the important role, we should expand Internet banking, so that more small and medium-sized garment enterprises get better development.展开更多
As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industr...As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industrial structural transformation.However,due to their inherent weaknesses,small and medium-sized enterprises often face difficulties in financing within the traditional financial service system.This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale.Since 2013,China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises,providing policy guidance,resource support,and technical support to alleviate the financing difficulties of small and medium-sized enterprises.Based on this,this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance,in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.展开更多
Taking A-share listed companies in Shanghai and Shenzhen from 2007 to 2018 as samples,this paper analyzes the influence of CEO’s academic experience on corporate financing constraints.The empirical results show that ...Taking A-share listed companies in Shanghai and Shenzhen from 2007 to 2018 as samples,this paper analyzes the influence of CEO’s academic experience on corporate financing constraints.The empirical results show that there is a negative correlation between CEO’s academic experience and enterprise financing constraint level.Compared with state-owned enterprises,the academic experience of CEO in private enterprises is significantly negatively correlated with the level of corporate financing constraints.It also suggests that CEO’s academic experience can significantly reduce the level of financing constraints in the company samples audited by accounting firms(not Big 4).The conclusion of this paper is helpful to enrich the research of manager characteristics and corporate governance.At the same time,the research in this paper has reference significance for enterprises to ease the level of financing constraints.展开更多
With the advent of the era of big data,traditional financial management has been unable to meet the needs of modern enterprise business.Enterprises hope that financial management has the function of improving the accu...With the advent of the era of big data,traditional financial management has been unable to meet the needs of modern enterprise business.Enterprises hope that financial management has the function of improving the accuracy of corporate financial data,assisting corporate management to make decisions that are more in line with the actual development of the company,and optimizing corporate management systems,thereby comprehensively improving the overall level of the company and ensuring that the company can be in business with the assistance of financial integration,can better improve and develop themselves.Based on the investigation of enterprises and universities,this article analyzes the problem of accounting talent training from both the demand and supply ends,and puts forward some suggestions for the teaching reform of accounting integration with big data in financial colleges and universities,and strives to promote the integration of business and finance.The optimal allocation of enterprise resources will gradually enhance the market competitiveness of enterprises,and explore the application strategies of big data technology in the integration of enterprise business and finance.展开更多
Measures that can improve the flexibility of enterprise finance system generally involve human, organization, management and technology. This paper probes these measures thoroughly and systematically. It is of importa...Measures that can improve the flexibility of enterprise finance system generally involve human, organization, management and technology. This paper probes these measures thoroughly and systematically. It is of important practical value and theoretical significance.展开更多
In the management of enterprises, accountants predict the value activities of enterprises by mastering economic information, and promote enterprises to obtain corresponding economic benefits by recording and accountin...In the management of enterprises, accountants predict the value activities of enterprises by mastering economic information, and promote enterprises to obtain corresponding economic benefits by recording and accounting;Audit ensures the correctness, authenticity and legality of the capital flow direction of enterprises through verification and supervision. It is closely related to accounting and auditing, and they are independent of each other. From the perspective of improving the economic benefits of enterprises, their goals are the same. As far as the operation and management of enterprises are concerned, the role of accounting audit is to ensure the authenticity and reliability of the flow of enterprise funds by mastering the situation of enterprise funds, so as to find out the problems existing in the enterprise in time, give management suggestions, ensure the normal operation of all links of the enterprise, and enhance the economic benefits of the enterprise.展开更多
Compared with formal finance, informal finance owns advantages in information and collateral. These are the reasons why informal finance exists widely in many ways. However, informal finance has its deficiencies too. ...Compared with formal finance, informal finance owns advantages in information and collateral. These are the reasons why informal finance exists widely in many ways. However, informal finance has its deficiencies too. On the basis of the analysis of the advantages and deficiencies of informal finance, the paper also offers some suggestions on policy that government should adopt on informal finance.展开更多
The 2019 novel coronavirus disease(COVID-19)pandemic has significantly impacted several aspects of the society and the economy.A problem that needs prompt attention in this situation is the increasing difficulties fac...The 2019 novel coronavirus disease(COVID-19)pandemic has significantly impacted several aspects of the society and the economy.A problem that needs prompt attention in this situation is the increasing difficulties faced by small-and mediumsized enterprises(SMEs)in raising capital,which has aroused great concern from multiple stakeholders such as public administrations and regulators.As the major supply of capital,financial service providers(FSPs)play a critical role in financing SMEs.However,how FSPs deal with SME financing during shocks has not yet been fully researched.Accordingly,in this study,a theoretical framework based on expectancy theory is proposed to explore the expected strategic adjustments of FSPs in financing SMEs.Specifically,this study investigates 272 FSPs in China on their expectancy and attitude on financing to SMEs during the COVID-19 pandemic.Furthermore,this study has divided FSPs into three categories:commercial banks,non-bank financial institutions,and credit-enhanced FSPs.Differences among these categories are compared and analyzed.展开更多
文摘At the present stage of China's economic development, "industry plus capital" has become the only way for enterprises to grow. However, the financing behavior of enterprises is greatly influenced by the financial environment. How to recognize the financial environment of enterprises themselves and improve the financial environment by what means, so as to ensure the smooth implementation of enterprise financing activities, thus promoting enterprises to become bigger and stronger, has become a problem that many enterprises are thinking about and urgently need to solve. This paper starts with the financial environment factors that enterprises face in financing, analyzes the specific factors that the financial environment affects financing, and the mechanism of each factor, focusing on the actual situation that enterprises are facing at present, such as the imperfect institutional system, the lack of close contact with the capital market, the insufficient cost risk control and other factors that affect financing decision-making, and finally gives some measures and suggestions for these problems. I hope it can help enterprises optimize the financial environment, promote the smooth development of enterprise financing activities, solve the financing difficulties and promote the sound development of enterprises.
文摘Capital is one of the core elements of enterprise development. Whether an enterprise can obtain stable, sufficient and timely capital will directly affect its own actual operation and development. Financing can fully inject the corresponding development driving force into the enterprise and help it develop efficiently. As a key participant in market economic activities, enterprises have a direct impact on the economic and technological progress of the whole society. In practice, the difficulty of financing is closely related to the financial environment of enterprises. The quality of the financial environment is closely related to the production, operation and financial activities of enterprises. Only by constantly optimizing the financial environment of enterprises and obtaining more financing opportunities can enterprises provide better assistance for the sound development of enterprises. Enterprises should actively analyze the financial environment, clarify the impact of the financial environment when financing, and put forward corresponding financing development strategies and suggestions to promote the sound development of enterprises.
文摘Cash flow is a core element for enterprises to maintain operations and development.Cash flow forecasting models,through systematic analysis of an enterprise’s historical cash flow data,trends in operating activities,and external environmental factors,scientifically predict the scale,direction,and fluctuation of cash flow within a certain period in the future.This article focuses on the application of cash flow forecasting models in enterprise investment and financing decisions,sorts out the types and core functions of the models,analyzes their specific roles in investment project screening,financing plan formulation,risk prevention and control,and fund allocation,points out the existing problems in current applications,and proposes optimization paths.Research shows that the scientific application of cash flow forecasting models can enhance the accuracy and rationality of enterprises’investment and financing decisions,and help enterprises achieve sustainable development.
文摘Against the background that the central government is strengthening macro control and tightening credit scale of real estate businesses, financing capacity becomes the determinant for a real estate enterprise＇s development. Domestic enterprises have many ways of financing, and this paper describes ten common models, simply analyses the advantages and disadvantages of each model, while explains and recommends three financing models with practical examples： individual entrusted loan, trust financing and assets securitization.
文摘Small and medium sized clothing enterprises have become an important force to promote China＇s economic transformation. But the shortage of funds in the development of small and medium sized clothing enterprises is still a major problem. The development of Intemet financial model is of great significance to the small and Medium Sized Clothing Enterprises .It is helpful to solve the problems of information asymmetry, credit rationing and high loan cost in the financing of small and medium sized clothing enterprises..In many financial models on the interne＇., to our vast number of small and medium-sized enterprises provide convenient services, but in the face of this model using diffcrent opinions, and there is no pertinence, for most of the enterprises are usually similar situation was a summary and recommendations, there are a handful of targeted research ,This research is for research, in order to solve the financing problems of China＇s small and medium-sized garment enterprises countermeasures were studied to find a suitable China＇s small and medium-sized garment enterprises financing path with, for small and medium-sized garment enterprises in the capital needs of the guiding role, for the enterprise to avoid financial risk. the lnternet financial model to solve the financing problem of small and medium-sized garment enterprises play the important role, we should expand Internet banking, so that more small and medium-sized garment enterprises get better development.
文摘As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industrial structural transformation.However,due to their inherent weaknesses,small and medium-sized enterprises often face difficulties in financing within the traditional financial service system.This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale.Since 2013,China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises,providing policy guidance,resource support,and technical support to alleviate the financing difficulties of small and medium-sized enterprises.Based on this,this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance,in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.
文摘Taking A-share listed companies in Shanghai and Shenzhen from 2007 to 2018 as samples,this paper analyzes the influence of CEO’s academic experience on corporate financing constraints.The empirical results show that there is a negative correlation between CEO’s academic experience and enterprise financing constraint level.Compared with state-owned enterprises,the academic experience of CEO in private enterprises is significantly negatively correlated with the level of corporate financing constraints.It also suggests that CEO’s academic experience can significantly reduce the level of financing constraints in the company samples audited by accounting firms(not Big 4).The conclusion of this paper is helpful to enrich the research of manager characteristics and corporate governance.At the same time,the research in this paper has reference significance for enterprises to ease the level of financing constraints.
基金The research was co-completed by School of Journalism and Communication of Hunan Normal University and Financial Big-Data Research Institute of Hunan University of Finance and Economics.This research was funded by the National Natural Science Foundation of China(No.72073041)Open Foundation for the University Innovation Platform in Hunan Province(No.18K103)+2 种基金2011 Collaborative Innovation Center for Development and Utilization of Finance and Economics Big Data Property,Universities of Hunan Province,Open Project(Nos.20181901CRP03,20181901CRP04,20181901CRP05)2020 Hunan Provincial Higher Education Teaching Reform Research Project(Nos.HNJG-2020-1130,HNJG-2020-1124)2020 General Project of Hunan Social Science Fund(No.20B16).
文摘With the advent of the era of big data,traditional financial management has been unable to meet the needs of modern enterprise business.Enterprises hope that financial management has the function of improving the accuracy of corporate financial data,assisting corporate management to make decisions that are more in line with the actual development of the company,and optimizing corporate management systems,thereby comprehensively improving the overall level of the company and ensuring that the company can be in business with the assistance of financial integration,can better improve and develop themselves.Based on the investigation of enterprises and universities,this article analyzes the problem of accounting talent training from both the demand and supply ends,and puts forward some suggestions for the teaching reform of accounting integration with big data in financial colleges and universities,and strives to promote the integration of business and finance.The optimal allocation of enterprise resources will gradually enhance the market competitiveness of enterprises,and explore the application strategies of big data technology in the integration of enterprise business and finance.
基金This paper is supported by the National Natural Science Foundation of China （No.70072038）.
文摘Measures that can improve the flexibility of enterprise finance system generally involve human, organization, management and technology. This paper probes these measures thoroughly and systematically. It is of important practical value and theoretical significance.
文摘In the management of enterprises, accountants predict the value activities of enterprises by mastering economic information, and promote enterprises to obtain corresponding economic benefits by recording and accounting;Audit ensures the correctness, authenticity and legality of the capital flow direction of enterprises through verification and supervision. It is closely related to accounting and auditing, and they are independent of each other. From the perspective of improving the economic benefits of enterprises, their goals are the same. As far as the operation and management of enterprises are concerned, the role of accounting audit is to ensure the authenticity and reliability of the flow of enterprise funds by mastering the situation of enterprise funds, so as to find out the problems existing in the enterprise in time, give management suggestions, ensure the normal operation of all links of the enterprise, and enhance the economic benefits of the enterprise.
文摘Compared with formal finance, informal finance owns advantages in information and collateral. These are the reasons why informal finance exists widely in many ways. However, informal finance has its deficiencies too. On the basis of the analysis of the advantages and deficiencies of informal finance, the paper also offers some suggestions on policy that government should adopt on informal finance.
基金supported by the National Natural Science Foundation of China(No.71872177).
文摘The 2019 novel coronavirus disease(COVID-19)pandemic has significantly impacted several aspects of the society and the economy.A problem that needs prompt attention in this situation is the increasing difficulties faced by small-and mediumsized enterprises(SMEs)in raising capital,which has aroused great concern from multiple stakeholders such as public administrations and regulators.As the major supply of capital,financial service providers(FSPs)play a critical role in financing SMEs.However,how FSPs deal with SME financing during shocks has not yet been fully researched.Accordingly,in this study,a theoretical framework based on expectancy theory is proposed to explore the expected strategic adjustments of FSPs in financing SMEs.Specifically,this study investigates 272 FSPs in China on their expectancy and attitude on financing to SMEs during the COVID-19 pandemic.Furthermore,this study has divided FSPs into three categories:commercial banks,non-bank financial institutions,and credit-enhanced FSPs.Differences among these categories are compared and analyzed.
