CAJ | 학술논문

不确定环境下，企业需要具备一定的财务柔性。企业财务柔性的本质是以柔性组织理论、资源约束理论、动态能力理论、权变理论及融资理论为基础，与财务保守、财务冗余有着本质区别；不确定性和环境波动是财务柔性的前提条件；为应对不确定性和环境波动，企业需要通过不同的融资渠道和融资方式获取柔性财务资源，储备财务柔性；财务柔性具有缓冲、适应及创新的功能。对财务柔性本质的探讨踏实了财务柔性的理论基础，丰富了财务柔性的理论，对财务柔性实践具有一定的理论指导意义。
불학정배경하，기업수요구비일정적재무유성。기업재무유성적본질시이유성조직이론、자원약속이론、동태능력이론、권변이론급융자이론위기출，여재무보수、재무용여유착본질구별；불학정성화배경파동시재무유성적전제조건；위응대불학정성화배경파동，기업수요통과불동적융자거도화융자방식획취유성재무자원，저비재무유성；재무유성구유완충、괄응급창신적공능。대재무유성본질적탐토답실료재무유성적이론기출，봉부료재무유성적이론，대재무유성실천구유일정적이론지도의의。
Under uncertainty environment, the enterprise needs to have a certain financial flexibility. The essence of enterprise financial flexibility is the flexible organization theory, theory of resource constraints, dynamic capability theory, contingency theory, and based on the theory of financing and financial conservative, fundamentally different from fmancial redundancy; Uncertainty and environmental fluctuations is the premise of financial flexibility; To cope with the uncertainty and environmental variation, the enterprise needs to through different ways of financing channels and financing for the flexible financial resources, reserves, financial flexibility; Financial flexibility has the function of buffering, adaptation and innovation. On financial steady the financial flexibility theory about the nature of flexible base, enrich the theory of financial flexibility, the flexible financial practice has a certain theoretical guiding significance.