Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Research on the Cash Flow Management Mechanism and Risk Control of Haidilao Enterprise During the COVID-19 Era

Authors
Jingwen Wang1, Runze Wu2, *, Zeqi Huang3, Xiaoyan Sun4, Jiacheng Hang5
1School of Economics and Management, Qingdao University of Science and Technology, Qingdao, 266061, China
2College of Business, Monash University, Melbourne, 3800, Australia
3School of Business, Macau University of Science and Technology, Macau, 999078, China
4Pingyi ZengziSchool, Linyi, 273300, China
5Sendelta International School, Shenzhen, 518108, China
*Corresponding author. Email: 2603987075@qq.com
Corresponding Author
Runze Wu
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_203How to use a DOI?
Keywords
COVID-19 era; Haidilao company; Cash flow management; Risk control
Abstract

It is clear that COVID-19 has seriously hindered the economic development. It has become a hot topic that how to make the catering industry grow with new vitality in the post epidemic era. Control measures like home separation have caused a great impact on the catering industry because of the decline in guest flow. It is important for companies to maintain stable cash flow. Previous studies have reached all kinds of industries, analyzing the methods they are used to avoid risk. In this paper, we focus on the specific measures implemented by catering enterprises in the epidemic. Here we take Haidilao, the leading enterprise of catering enterprises, as an example to analyze the change of Haidilao's strategy and excavate the new diversified strategy carried out by Haidilao in response to the epidemic. In addition, we analyze the reason behind the different strategy. The finding can contribute to a better understanding of the importance of the company's cash flow and the mechanism to effectively improve cash flow.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_203How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jingwen Wang
AU  - Runze Wu
AU  - Zeqi Huang
AU  - Xiaoyan Sun
AU  - Jiacheng Hang
PY  - 2022
DA  - 2022/12/31
TI  - Research on the Cash Flow Management Mechanism and Risk Control of Haidilao Enterprise During the COVID-19 Era
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1376
EP  - 1380
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_203
DO  - 10.2991/978-94-6463-036-7_203
ID  - Wang2022
ER  -