CAJ | 학술논문

从财务冗余结构出发研究财务冗余对企业绩效的影响，克服了仅研究财务冗余水平作用的局限性和不足，利用中国制造业相关数据研究组织环境对财务冗余与企业绩效关系的权变作用，结果表明：财务冗余结构与企业绩效呈倒“U”型关系。环境动态性对财务冗余结构与绩效关系具有显著的负向调节效应，环境适宜性的调节作用不显著。并在二维环境特征下，探讨了由环境动态性和适宜性构成的4个不同二维环境特征中财务冗余结构与企业绩效之间的关系，更加细致地揭示了不同组织环境对财务冗余作用的影响。
종재무용여결구출발연구재무용여대기업적효적영향，극복료부연구재무용여수평작용적국한성화불족，이용중국제조업상관수거연구조직배경대재무용여여기업적효관계적권변작용，결과표명：재무용여결구여기업적효정도“U”형관계。배경동태성대재무용여결구여적효관계구유현저적부향조절효응，배경괄의성적조절작용불현저。병재이유배경특정하，탐토료유배경동태성화괄의성구성적4개불동이유배경특정중재무용여결구여기업적효지간적관계，경가세치지게시료불동조직배경대재무용여작용적영향。
This paper analyzes the effect of financial slack on firm performance from the structure of financial slack, which avoid the limitations of just considering the level of financial slack. Using the data of firms from manufacturing industry, it explore the relationship between the structure of financial slack and firm performance, and the contingency role of organiza- tional environment. The result shows that the relationship to be the inverted U-shaped. The environment dynamism has a sig- nificant negative moderating effect between them, and environment munificent don＇ t have significant moderating effect. In the two-dimensional organizational environment, it finds that relationship in four different two-dimensional environment by environment dynamics munificent, revealing the effect of financial slack on different organizational environment.