Research on Financial Strategy and Financial Capability of Grassroots Power Supply Enterprises Based on Stochastic Matrix Model

Abstract

On the basis of the generation, evolution, and development of the basic power supply enterprise’s financial core competence, this article determines the connotation and essence of the basic power supply enterprise’s financial core competence, so as to play a guiding role in fully and correctly grasping the basic power supply enterprise financial core competence. This article focuses on the formation mechanism and factors of the financial core competence of grassroots power supply enterprises and reviews the latest research hotspots and their theoretical significance in academia. By applying the random matrix model to evaluate the core financial capabilities of grassroots power supply enterprises, it proposes a path for cultivating and improving the core financial capabilities of grassroots power supply enterprises. Through a detailed and powerful discussion, it is possible to effectively improve the financial management efficiency of grassroots power supply enterprises and quickly adapt to the needs of market changes, so as to meet the interests of relevant stakeholders of grassroots power supply enterprises as much as possible. Considering the market competition environment, it is found that the positive relationship between corporate responsibility information disclosure and the degree of earnings management is only significant in low-competitive markets, which also shows that with the intensification of market competition, the degree of information asymmetry decreases. The ability of power supply is also increasing, which will weaken the mechanism of grassroots power supply enterprises to conceal earnings management behavior through corporate responsibility information disclosure. The results show that corporate responsibility information may become a tool to cover up the management of grassroots power supply enterprises to manipulate earnings and reduce the quality of earnings reports, and this behavior will be different in grassroots power supply enterprises with different characteristics and external environments. This will help to form an objective understanding of corporate responsibility information disclosure behaviors, identify the motives of grassroots power supply companies’ responsible behaviors for regulators, standardize corporate responsibility disclosure norms, and take differentiated measures for different situations.