Factors Influencing Financial Flexibility of Enterprises: Take the Manufacturing Enterprises in Jiangsu and Zhejiang Provinces as an Example

Abstract

In recent years, the financial development is tending to be more flexible instead of rigid and the scope covers the financing, management, investment and profit distribution of financial activities in four aspects. Based on such appeal, this paper firstly analyzes the concept and characteristics of financial flexibility theoretically. Then, from Jiangsu and Zhejiang provinces manufacturing enterprise financial flexibility and EVA rate, their correlation in this paper is not only the theory of knowledge analysis but more deeply into the relationship between the variables. Multivariate regression analysis is applied in this process, and the method of robustness analysis is also adopted. Finally, based on the results of the study, more reasonable and operable suggestions are given to the financial flexibility in the practice of manufacturing enterprises in Jiangsu and Zhejiang provinces.