Article ; Online: Relationship between Financial Asset Allocation, Leverage Ratio, and Risk-Taking of Small- and Medium-Sized Enterprises in China: Taking Environment-Related Industries as an Example.
Journal of environmental and public health
2022 Volume 2022, Page(s) 2431428
Abstract: With the improvement of environmental policies and industry requirements for enterprise production and management, small- and medium-sized enterprises in environment-related industries were also changing. It was known from the existing research that the ... ...
Abstract | With the improvement of environmental policies and industry requirements for enterprise production and management, small- and medium-sized enterprises in environment-related industries were also changing. It was known from the existing research that the investment allocation of assets of small- and medium-sized enterprises was closely related to risk and return, and the leverage ratio of enterprises affected the risk-taking level of enterprises. In the process of sustainable development, enterprises will inevitably bear certain risks, but excessive risk-taking will bring all kinds of uncertainty and bankruptcy risk to the expected income and future cash flow of enterprises. Therefore, taking small- and medium-sized enterprises in environment-related industries as an example, this paper put forward relevant assumptions by analyzing the interaction between the existing enterprise financial asset allocation, risk-taking level and leverage ratio. In order to facilitate empirical analysis, A-share listed companies in environment-related industries in Shanghai and Shenzhen stock exchanges, small- and medium-sized board and GEM listed companies in Shenzhen stock exchange from 2007 to 2019 were selected as research samples. These data came from the information open platform for small- and medium-sized enterprises in environment-related industries, the research reports of third-party consulting companies and CSMAR and Wind databases. The empirical results showed that the allocation of financial assets had a significant impact on the level of risk-taking, and there was a |
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MeSH term(s) | China ; Environmental Policy ; Financial Statements ; Industry ; Risk-Taking |
Language | English |
Publishing date | 2022-06-13 |
Publishing country | United States |
Document type | Journal Article ; Research Support, Non-U.S. Gov't |
ZDB-ID | 2526611-1 |
ISSN | 1687-9813 ; 1687-9813 |
ISSN (online) | 1687-9813 |
ISSN | 1687-9813 |
DOI | 10.1155/2022/2431428 |
Database | MEDical Literature Analysis and Retrieval System OnLINE |
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