融资约束对煤炭企业安全投入的影响研究

doi:10.16265/j.cnki.issn1003-3033.2017.01.027

中国安全科学学报 ›› 2017, Vol. 27 ›› Issue (1): 151-156.doi: 10.16265/j.cnki.issn1003-3033.2017.01.027

融资约束对煤炭企业安全投入的影响研究

郑毅副教授, 尹玉文, 应丽莹

辽宁工程技术大学工商管理学院,辽宁葫芦岛 125105

收稿日期:2016-10-08 修回日期:2016-12-13 发布日期:2020-11-23
作者简介:郑毅 (1972—),男,辽宁葫芦岛人,管理学博士,副教授,主要从事公司财务与公司治理、计算实验等方面研究。E-mail∶943176512@qq.com。
尹玉文 (1990—),女,辽宁盘锦人,硕士研究生,研究方向为公司财务与公司治理。E-mail∶274883678@qq.com。

Study on effects of financing constraints on coal enterprises safety investment

ZHENG Yi, YIN Yuwen, YING Liying

School of Business Administration, Liaoning Technical University, Huludao Liaoning 125105, China

Received:2016-10-08 Revised:2016-12-13 Published:2020-11-23

摘要/Abstract

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。

关键词: 融资约束, 短期借款, 长期借款, 内部现金流, 安全投入

Abstract: 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.

Key words: financing constraints, short-term borrowing, long-term borrowing, internal cash flow, safety investment

中图分类号:

X915.4

郑毅, 尹玉文, 应丽莹. 融资约束对煤炭企业安全投入的影响研究[J]. 中国安全科学学报, 2017, 27(1): 151-156.

ZHENG Yi, YIN Yuwen, YING Liying. Study on effects of financing constraints on coal enterprises safety investment[J]. China Safety Science Journal, 2017, 27(1): 151-156.

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融资约束对煤炭企业安全投入的影响研究

Study on effects of financing constraints on coal enterprises safety investment

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