Research On The Relationship Between Finacial Flexibility And Corporate Performance Of Listed Companies

In the context of the digital economy,the global economy is slowly growing,industry competition is gradually intensifying,and the external environment is complex and ever-changing.Therefore,the development and operation of enterprises have become a top priority.In the process of economic development,the negative impact of tight monetary policy is gradually becoming apparent.The company needs to adjust its financial model to cope with environmental uncertainty.Based on existing research both domestically and internationally,it can be seen that when the external environment changes,the financial flexibility within a company can help it timely and effectively acquire and allocate resources,reduce negative impacts,and utilize investment opportunities to improve company performance.Based on this,this article takes Yong’an Pharmaceutical Company as a case study to conduct research and analysis on the impact of its financial flexibility on corporate performance.This article first defines the relevant concepts of financial flexibility and corporate performance,and elaborates on the theoretical foundations of flexibility theory,value creation theory,and other related theories;Next,taking Yong’an Pharmaceutical Company as the research object,by analyzing the current situation of financial flexibility and corporate performance of Yong’an Pharmaceutical Company,the impact of financial flexibility on corporate performance of Yong’an Pharmaceutical Company is studied;Finally,make a summary of the article and propose strategies for using financial flexibility to improve corporate performance.Specifically,this article conducts research from two aspects: market performance and financial performance,analyzing the impact of financial flexibility on Yong’an Pharmaceutical Company’s business development.The results show that financial flexibility can improve enterprise performance by reducing financing constraints,alleviating investment shortages,and increasing R&D investment.This research findings not only provide empirical basis for improving the performance of Yong’an Pharmaceutical,but also provide theoretical reference for other enterprises’ financial flexibility management: to fully utilize financial flexibility,maintain reasonable savings funds and debt expenditures,and ultimately improve enterprise performance by releasing financial flexibility reasonably.