家电制造业上市公司营运资金管理绩效实证研究

发布时间：2018-04-17 10:10

本文选题：营运资金 + 管理绩效　；参考：《青岛科技大学》2016年硕士论文

【摘要】：营运资金管理是企业财务管理的重要组成部分,与企业的偿债能力、盈利能力、经营能力和风险控制能力息息相关。营运资金又被称作“企业流动的血液”,因此,其管理的好坏关系到企业能否生存以及能否维持正常的经营运转。家电制造业是制造业中与国民生活密切相关的产业,也是我国近30年来发展最为迅速、竞争也最为激烈的传统行业。随着经济的发展和技术的进步,家电制造行业的产品功能差异度降低,品牌聚集度高,竞争异常激烈,利润空间越来越小,家电市场已经处于严重供过于求的买方市场状态,家电行业供应链的重心开始由制造商转向销售商转移。制造商的核心地位受到了冲击,使家电制造业企业的处境举步维艰。面临激烈的竞争以及下游大型销售商的崛起,企业不能同之前一样仅仅关注生产,还要兼顾资源的配置,保证资金周转顺畅,维持好家电制造业企业和上下游相关利益共同体的关系,以及维持好整条供应链上营运资金的高流动性和高收益性,使营运资金管理效率达到最大化。因此,对家电制造业公司营运资金管理绩效进行实证研究有着重要的意义。本文在借鉴国内外研究成果的基础上,选取我国家电制造业上市公司2012-2014年的数据作为研究样本进行实证检验,分析影响营运资金管理绩效的相关因素。通过本文的研究与分析,得出了供应商信用期与家电制造业企业采购渠道营运资金管理效率呈负相关关系、在产品管理水平与家电制造业企业生产渠道营运资金管理绩效呈正相关关系和客户信用期与家电制造业企业销售渠道营运资金管理绩效呈正相关关系的结论。因此家电制造业企业可以由此入手,对相应的影响因素进行战略分析与决策,提高企业营运资金的管理绩效。
[Abstract]:Working capital management is an important part of enterprise financial management, which is closely related to the solvency, profitability, management ability and risk control ability of an enterprise.Working capital is also called "the blood of enterprise flow", therefore, the quality of its management is related to the survival of the enterprise and whether it can maintain the normal operation.Home appliance manufacturing industry is closely related to the national life in the manufacturing industry. It is also the most rapid development and the most competitive traditional industry in China in the past 30 years.With the development of economy and technology, the product function difference of household appliance manufacturing industry is reduced, the brand aggregation degree is high, the competition is extremely fierce, the profit space is smaller and smaller, and the home appliance market has been in a serious oversupply of buyer's market.The center of gravity of supply chain of home appliance industry begins to shift from manufacturer to seller.Manufacturers' core position has been hit, making home appliance manufacturers in a difficult situation.In the face of fierce competition and the rise of large vendors downstream, enterprises cannot just focus on production as before, and must also take into account the allocation of resources to ensure a smooth flow of funds.Maintaining the relationship between the household appliance manufacturing enterprises and the upstream and downstream related interest communities, and maintaining the high liquidity and high profitability of the working capital in the whole supply chain, so as to maximize the efficiency of the working capital management.Therefore, it is of great significance to make an empirical study on the working capital management performance of home appliance manufacturing companies.Based on the domestic and foreign research results, this paper selects the data of Chinese household appliance manufacturing listed companies from 2012 to 2014 as an empirical test to analyze the related factors that affect the performance of working capital management.Through the research and analysis of this paper, it is concluded that there is a negative correlation between the supplier credit period and the efficiency of purchasing channel working capital management in the household appliance manufacturing enterprises.The conclusion that there is a positive correlation between the level of product management and the working capital management performance of the production channel of the household appliance manufacturing enterprise and the positive correlation between the customer credit period and the operating fund management performance of the sales channel of the household appliance manufacturing industry.Therefore, the household appliance manufacturing enterprises can proceed from this, and carry on the strategic analysis and decision to the corresponding influence factors, improve the management performance of the working capital of the enterprises.
【学位授予单位】：青岛科技大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F406.7;F426.6

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