SGR三维平衡视角的资金管理价值效应研究

发布时间：2018-04-30 07:26

本文选题：资金管理 + 价值　；参考：《重庆大学学报(社会科学版)》2014年05期

【摘要】：文章以中国沪深两市53家建筑企业为研究样本,构建了基于收益、增长、风险三维平衡视角的资金管理效果分析框架,考察国内建筑企业的资金管理效果,获取建筑企业经济发展的有用信息,为建筑企业资金管理效果的提升提供依据。研究结果表明,当前国内建筑企业的资金管理效果不佳,具体表现在,企业的价值创造效应仅与资金周转期相关,与资金流出额、资金充实度并无显著相关关系;企业管理者未能对收益性、成长性、风险性进行很好把控,未能体现收益与风险相权衡的理念;建筑企业不存在规模效益,反映出当前国内建筑企业资金资源的配置管理水平较低,资金管理效果有待提升。
[Abstract]:Based on 53 construction enterprises in Shanghai and Shenzhen stock markets in China, the paper constructs an analysis framework of fund management effect based on the perspective of profit, growth and risk, and investigates the fund management effect of domestic construction enterprises. To obtain the useful information of the economic development of the construction enterprises, and to provide the basis for the improvement of the fund management effect of the construction enterprises. The results show that the capital management effect of domestic construction enterprises is not good at present. The concrete performance is that the value creation effect of enterprises is only related to the period of capital turnover, and there is no significant correlation between the value creation effect and the amount of capital outflow and the degree of capital enrichment. Enterprise managers fail to control profitability, growth, and risk, and fail to reflect the idea of trade-offs between income and risk; construction enterprises do not have economies of scale. It reflects that the allocation and management level of capital resources of domestic construction enterprises is low, and the effect of capital management needs to be improved.
【作者单位】：重庆大学建设管理与房地产学院;
【基金】：中央高校人文社会科学类重大项目“基于项目的价值工程(管理)理论与方法创新研究”(CDJSK100198)
【分类号】：F275.1;F426.92

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