The Relationship Between Enterprise Financial Risk and R&D Investment Under the Influence of the Covid-19
Bibliographic Data
| ID | 22068469 |
|---|---|
| Authors | Xinfei Li (0000-0002-5349-6703, Beijing Forestry University), Baodong Cheng (0000-0002-5796-6151, Beijing Forestry University), Yueming Li (0000-0001-9791-9010, Beijing Forestry University), Jingyang Duan (Beijing Forestry University), Yuan Tian (0000-0002-0051-8788, Beijing Union University, corresponding author) |
| Year | 2022 |
| Volume | 10 |
| Pages | 910758-910758 |
| Publication date | 2022-08-04 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Frontiers in Public Health (JOURNAL) |
| Journal identifiers | ISSN: 2296-2565 • E-ISSN: 2296-2565 |
| Publisher | Frontiers Media SA (PUBLISHER • CH) |
| DOI | 10.3389/fpubh.2022.910758 |
| PMID | 35991059 |
| OpenAlex | W4289730915 |
| Language | EN |
| References cited | 30 |
The COVID-19 pandemic has dealt a considerable blow to the development of Chinese enterprises. Therefore, exploring how to reduce the enterprise financial risk under the impact of the COVID-19 has become a current research hotspot. We select the data of 3,098 A-share companies in the quarters of 2019 and 2020, use the Z-score model to reasonably evaluate enterprise financial risk, and analyze the impact of Research and Development (R&D) investment on enterprise financial risk under the COVID-19.The results show that: 1 The COVID-19 pandemic has increased the number of high-risk enterprises. 2 R&D investment can effectively reduce the enterprise financial risk, and enterprises that attach importance to scientific research are relatively less affected by the COVID-19. 3 Compared with non-state-owned enterprises, R&D investment under state-owned enterprises can better help enterprises reduce financial risk. 4 When the enterprise financial risk is lower, the role of R&D investment in reducing financial risk is more significant. With the increase of financial risk, the effect of R&D investment on it is weakened. The research results are beneficial to help enterprises to correctly assess their financial risks during the COVID-19, so that enterprises can reasonably invest in research and development, and ultimately ensure the sustainable development of enterprises under the COVID-19
Business · Enterprise risk management · Financial risk · Risk management · Business and Economic Development · COVID-19 Pandemic Impacts · Energy, Environment, Economic Growth · Finance
| Highly cited | No |
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