Challenges in financial management from the perspective of mining companies

Jian Xi; Lu Yang; Xiaoling Zheng

doi:10.71113/JCSIS.v2i4.131

Authors

Jian Xi Faculty of Economics and Law, Jingdezhen Vocational University of Art, China
Lu Yang Faculty of Economics and Law, Jingdezhen Vocational University of Art, China
Xiaoling Zheng Faculty of Economics and Law, Jingdezhen Vocational University of Art, China

DOI:

https://doi.org/10.71113/JCSIS.v2i4.131

Keywords:

Financial management, mining enterprises, financial risk, Industrial layout

Abstract

Chinese enterprises are constantly reforming and developing under the economic system, and are facing huge challenges. After three years of the outbreak of the new crown epidemic, China's economy is now ushering in a period of moderate recovery. Under the changes in the international economic situation, China's manufacturing industry has been suppressed, the development growth rate is slow, and mineral enterprises, as upstream industries, have also been affected to a corresponding extent in the entire closed loop of economic development. From the perspective of enterprise economy, it is very important to optimize the financial management system within the enterprise. Based on the financial management risks faced by the changes in the economic system, this paper analyzes the problems in the process of financial management and puts forward targeted suggestions.

References

[1]Baker, M., & Wurgler, J. (2004a). Appearing and Disappearing Dividends: The Link to Catering Incentives. Journal of Financial Economics, 73, 271-288. http://dx.doi.org/10.1016/j.jfineco.2003.08.001

[2]Baker, M., & Wurgler, J. (2004b). A Catering Theory of Dividends. The Journal of Finance, 3, 1125-1165.http://dx.doi.org/10.1111/j.1540-6261.2004.00658.x

[3]Chen, W. (2003). Analysis on the Evolution of Dividend Policy and Market Efficiency of Chinese Stock Market. In: The 12th International Symposium on Empirical Accounting Research (Vol. 12, pp. 386-392).

[4]Fama, E. F., & French, K. R. (2001). Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay? Journal of Financial Economics, 60, 3-44.http://dx.doi.org/10.1016/S0304-405X(01)00038-1

[5]Miller, M., & Modigliani, F. (1961). Dividend Policy, Growth, and Valuation of Shares. Journal of Business, 10, 411-433.http://dx.doi.org/10.1086/294442

[6]Wang, S., & Qi, Y. (2005). An Empirical Analysis of the Cash Dividend and the Preference of Investors. Inquiry into Economic Issues, 12, 65-71.

[7]Huang, J., & Shen, Y. (2007). Dividend Policy Caters to Whose Need—Empirical Data from Chinese Listed Corporation. Accounting Studies, 8, 36-43.

[8]McWilliams, A. and Siegel, D. (2001) Corporate Social Responsibility: A Theory of the Firm Perspective. Academy of Management Review, 26, 117-127.

[9]Dahlsrud, A. (2006) How Corporate Social Responsibility Is Defined: An Analysis of 37 Definitions. John Wiley & Sons, Ltd., and ERP Environment. www.interscience.wiley.com

[10]Addae-Boateng, S., Wen, X. and Brew, Y. (2014) Governance Issues in Family Business: The Views of Family-Member-Employees, Non-Family-Member-Employees, and Management. International Journal of Economics, Commerce and Management, 2, 1-28.

[11]Hill, R.P., Ainscough, T., Shank, T. and Manullang, D. (2007) Corporate Social Responsibility and Socially Responsible Investing: A Global Perspective. Journal of Business Ethics, 70, 165-174.http://dx.doi.org/10.1007/s10551-006-9103-8

[12]Mackenzie C. (2007) Boards, Incentives and Corporate Social Responsibility: The Case for a Change of Emphasis. Corporate Governance, 15, 935-943.http://dx.doi.org/10.1111/j.1467-8683.2007.00623.x

[13]Mackenzie C. (2007) Boards, Incentives and Corporate Social Responsibility: The Case for a Change of Emphasis. Corporate Governance, 15, 935-943.http://dx.doi.org/10.1111/j.1467-8683.2007.00623.x