摘要
为有助于实现煤炭企业安全生产,解决安全投入不足的问题,采用实证的研究方法,以2011—2015年煤炭上市公司的数据为样本,探究融资约束对煤炭企业安全投入的影响。实证结果表明,煤炭企业融资约束程度与安全投入负相关;企业短期借款水平与安全投入负相关,即随着短期借款的增加,安全投入水平降低;煤炭企业长期借款水平与安全投入无直接关系;安全投入与企业内部现金流正相关。因此,改善企业融资环境有助于增强企业的安全投入力度。
To contribute to realizing the coal enterprise work safety,solving the problem of inadequate safety investment,effects of financing constraints on coal enterprises investment were studied,by using the empirical research method,based on the date on coal enterprises listed companies from 2011 to 2015. The results show that there is a negative correlation between the degree of financing constraints on coal enterprises and safety investment,that there is a negative correlation between the short-term borrowing level of coal enterprises and safety investment,that there is no direct relationship between enterprise long-term borrowing level and safety investment,that there is a positive correlation between coal corporate safety investment and internal cash flow,and that improving the enterprise financing environment contributes to enterprise safety investment.
作者
郑毅
尹玉文
应丽莹
ZI-IENG Yi YIN Yuwen YING Liying(School of Business Administration, Liaoning Technical University, Huludao Liaoning 125105, China)
出处
《中国安全科学学报》
CAS
CSCD
北大核心
2017年第1期151-156,共6页
China Safety Science Journal
基金
辽宁社科联项目(2016lslktziglx-15)
辽宁省2016大学生创新项目(201610147000069)
关键词
融资约束
短期借款
长期借款
内部现金流
安全投入
financing constraints
short-term borrowing
long-term borrowing
internal cash flow
safety investment
