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Promotion of the Effectiveness of Corporate Financial Management to Social Benefits

Author

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  • Zhuo Chen

Abstract

Purpose: The aim of this article is to study the promotion of the effectiveness of corporate financial management to social benefits. Design/methodology/approach: From the perspective of professional technology, the effectiveness of financial management is not considered by the analysis of the promotion effect of enterprises on social benefits, which will lead to the analysis results are inconsistent with the actual situation. New analytical methods are studied. The GA-SVM-based effectiveness evaluation model of enterprise financial management is used as the basis. Through GA-SVM and genetic algorithm, the model is constructed to evaluate the effectiveness of financial management. Findings: According to the evaluation results, the established evaluation model is used to comprehensively score the indicators for promoting the social benefits of the enterprise. The experimental results show that the correct classification rate of the proposed model is above 90%, and the average correct classification rate is 95.0%, which indicates that the model has strong generalization ability. The average score of the company evaluated in 2013 is 4.52×10-6, which is consistent with the actual situation. Colleagues also verified the effectiveness of the method. Practical implications: The paper has guiding significance for the overall development of benefits, and also provides the scientific method for evaluating the performance of corporate social responsibility. Originality/value: The paper could continue the evaluation of the effectiveness of traditional enterprise financial management, conduct the more comprehensive, in-depth and scientific analysis of the production and operation, provide more practical financial management information to promote sustainable business.

Suggested Citation

  • Zhuo Chen, 2022. "Promotion of the Effectiveness of Corporate Financial Management to Social Benefits," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 3-18.
    • Handle: RePEc:ers:ijebaa:v:x:y:2022:i:2:p:3-18
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    References listed on IDEAS

    as
    1. Riccardo Rebonato, 2017. "Financial Enterprise Risk Management," Quantitative Finance, Taylor & Francis Journals, vol. 17(12), pages 1795-1797, December.
    2. Krzysztof Dembek & Prakash Singh & Vikram Bhakoo, 2016. "Literature Review of Shared Value: A Theoretical Concept or a Management Buzzword?," Journal of Business Ethics, Springer, vol. 137(2), pages 231-267, August.
    3. David Yermack, 2017. "Donor governance and financial management in prominent US art museums," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(3), pages 215-235, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Corporate; financial management; effectiveness; social benefits; promotion; GA-SVM.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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