Research Article
Impacts of Financial Constraints on Social Security in the Corporate Management
@INPROCEEDINGS{10.4108/eai.18-11-2022.2326909, author={Haizhu Zhao and Yuliang Zhou}, title={Impacts of Financial Constraints on Social Security in the Corporate Management }, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={financial constraints; social security; corporate management}, doi={10.4108/eai.18-11-2022.2326909} }- Haizhu Zhao
Yuliang Zhou
Year: 2023
Impacts of Financial Constraints on Social Security in the Corporate Management
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2326909
Abstract
Financing is on the top list affairs in corporate management and bad financing could lead to bad effects on other management affairs. In our paper, we estimate the impacts of financing constraints on social security contributions generated of Chinese listed companies in the Shanghai and Shenzhen from 2007-2019. The findings support our hypothesis that when faced with greater financing constraints, the companies pay less social security contributions. And private enterprises are confronted with a much more severe situation while the state-owned enterprises are not. Our paper provides a new perspective and empirical evidence to explain corporate social insurance contribution misrepresentation, and provides policy implications to avoid corporate social insurance contribution evasion and on social insurance system reforms.