Environment Uncertainty, Cash Flexibility and Internal Control Quality

DOI

10.2991/emehss-17.2017.59How to use a DOI?

Keywords

Environmental uncertainty, cash flexibility, internal control quality

Abstract

A theoretical analysis is presented on the relation between cash flexibility and internal control as well as the adjustment effect of environmental uncertainty on the two's relation. Based on theoretical analysis, an empirical test is made with 450 non-financial listed companies on A shares mainboard in Shanghai Stock Exchange and Shenzhen Stock Exchange in 2005-2014 as object for research to find that: the higher the enterprise's cash flexibility is, the higher the internal control quality is, and environmental uncertainty has an suppressing effect on the positive correlation between cash flexibility and internal control quality. This research enriches and expands the literature related to cash flexibility and internal control quality and is of certain guidance to enterprises' practice of internal control.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wenping Tang
AU  - Aiqun Wang
PY  - 2017/04
DA  - 2017/04
TI  - Environment Uncertainty, Cash Flexibility and Internal Control Quality
BT  - Proceedings of the 2017 International Conference on Economics and Management, Education, Humanities and Social Sciences (EMEHSS 2017)
PB  - Atlantis Press
SP  - 260
EP  - 266
SN  - 2352-5398
UR  - https://doi.org/10.2991/emehss-17.2017.59
DO  - 10.2991/emehss-17.2017.59
ID  - Tang2017/04
ER  -