Ways to Improve the Financial Quality of Enterprises

Abstract

Economic development in China has shifted from a high-speed growth stage to a high-quality growth stage. The government departments such as the Ministry of Finance and the China Securities Regulatory Commission have continuously introduced relevant policies to improve the quality of listed companies from the top-level design. The key to improve the quality of listed companies is to improve the financial quality of enterprises. Most of the existing research on financial quality focuses on the analysis (method) and evaluation of financial quality of enterprises, and particular attention are paid to the quality of individual assets and the quality of earnings. With the continuous development of information technology, financial quality should contain a more comprehensive connotation in today's era of pursuing fairness and efficiency. Although there is no lack of research on corporate financial relations and its essential impact on corporate performance, this paper innovatively proposes to incorporate financial relationship quality as an important component into financial quality research. This paper attempts to provide some ideas for enterprises to explore ways to improve financial quality from the aspects of financial information quality, financial activity quality and financial relationship quality, which could provide reference value for enterprise practice and enrich financial quality research. Keywords—financial quality; financial information quality; financial activity quality; financial relationship quality; improvement approach