Financial flexibility, R&D investment and corporate value: Evidence from new energy companies in China
Yunnan University, Kunming, China
ABSTRACT: This paper takes new energy companies listed in China from 2013 to 2019 as samples to study the correlation between financial flexibility, R&D investment and corporate value, as well as the mediating effect of R&D investment on the relationship between financial flexibility and corporate value. The results show that the financial flexibility of new energy companies is positively correlated with corporate value, and R&D investment plays a mediating role in this relationship. This paper reveals that managers need to pay attention ...
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