西方财务柔性理论最新研究进展  

Recent Progress in Western Research on Financial Flexibility

作　　者：曾爱民[1] 张纯[2] 朱朝晖[1] 

机构地区：[1]浙江工商大学财务与会计学院,浙江杭州310018 [2]上海财经大学会计与财务研究院,上海200433

出　　处：《商业经济与管理》2014年第10期43-54,共12页Journal of Business Economics

基　　金：浙江省社科重点研究基地重点课题(12JDZS02Z);国家自然科学基金项目(71272011/G207;71072137);浙江省高校社科重点研究基地(浙江工商大学工商管理学科)重点项目资助(13GSGL07Z);浙江省自科基金面上项目(LY12G02018;LY13G020005)

摘　　要：2008年全球金融危机爆发后,财务柔性研究在国际上受到广泛关注和重视。为了能在不确定性日益增强的经营环境中胜出,企业在财务政策选择时必须保持适度的财务柔性。文章从财务柔性定义、财务柔性的获取与保持、财务柔性与企业融投资行为关系、财务柔性对企业业绩的影响等方面,对西方学者相关研究成果进行了系统梳理和综述,以期为该领域的继续深入研究提供参考。After the outbreak of the global financial crisis in 2008, studies on financial flexibility have received great worldwide attention. In order to survive in an operating environment with increasing uncertainties, firms have to maintain desirable financial flexibility when making choices of financial policies, This paper carries on a systematical pectination and literature survey of western theories and evidences, which range from the definition of financial flexibility, the acquisition and preservation of financial flexibil- ity, the relationship between financial flexibility and the firm＇s financing and investment behaviors to the influence of financial flexi- bility on the firm＇s performance, etc. , with the view of providing references for further studies in related fields.

关 键 词：财务柔性定义 财务柔性获取 企业融投资行为 企业业绩 

分 类 号：F234.4[经济管理—会计学]