Corporate Harmony Culture And Financial Performanc

In the post epidemic era,the world political and economic situation is complex and changeable.The economic development idea of "double cycle" makes enterprises face unprecedented opportunities and challenges.COVID-19 has seriously affected the daily business activities of enterprises.Under the current situation,enterprises,as an important part of social stability and economic development,urgently need to improve financial performance.Under the environment of strengthening the confidence of socialist culture with Chinese characteristics,how to tap the essence of traditional culture,study financial performance from the perspective of Chinese culture,and reveal the impact and mechanism of traditional culture on enterprise financial performance has become a major topic that scholars need to study.Traditional culture has a profound impact on the value judgment and psychological structure of the Chinese nation.As the essence of Chinese traditional culture,harmony culture affects the construction of corporate culture,provides invisible value norms for the development of enterprises,and affects the financial performance of enterprises to a certain extent.As an important part of modern accounting system,management accounting tools affect the financial performance of enterprises through the role of information support system and management control system.However,many management accounting tools originated in the West and are influenced by European and American culture.What role does management accounting play in the process of improving the financial performance of enterprises? As a contractual organization,whether the demands of stakeholders can be met affects the financial performance of enterprises to a certain extent.In particular,what effect does the satisfaction of the demands of financial stakeholders have on the impact of corporate harmony culture on financial performance? Based on this,this paper explores the role path of corporate harmony culture on financial performance,and on this basis,explores the role of management accounting tools and financial stakeholders.Based on institutional economics theory,stakeholder theory and resource dependence theory,this paper first studies and analyzes the mechanism of corporate harmony culture affecting financial performance,and further analyzes the intermediary effect of management accounting tools in the process of corporate harmony culture affecting financial performance and the regulatory effect of financial stakeholders in the process of corporate harmony culture affecting financial performance.This paper selects non-state-owned listed companies on GEM as a sample,Take 2015-2021 as the research interval,empirically test and analyze the above assumptions.It is found that corporate harmony culture helps to improve financial performance,management accounting tools have an intermediary effect in the process of corporate harmony culture improving financial performance,and financial stakeholders have different regulatory effects in the process of corporate harmony culture improving financial performance.Finally,according to the empirical results of this paper,this paper puts forward countermeasures and suggestions from the aspects that enterprises should cultivate harmony culture,use management accounting tools in combination with China’s cultural situation,and reasonably meet the demands of stakeholders.