中国上市公司营运资金策略与效果实证分析

发布时间：2018-06-05 12:16

本文选题：营运资金 + 应收账款　；参考：《上海交通大学》2012年硕士论文

【摘要】：营运资金管理是公司金融中非常重要的内容。在当前的国际国内经济金融背景下，营运资金管理是企业财务管理的重中之重。因此，本文的研究凸显了十分重要的现实意义。本文应用规范性分析，剖析了营运资金的实质、构成和作用。运用了经济学和金融学的相关知识，结合中国证券市场实际，构建营运资金评价模型。实证分析第一部分，研究上市公司营运资金对于企业经营绩效的重要意义以及营运资金策略选择和企业经营绩效间的关系。通过分析得出将营运资金控制在一个合适的比率，对上市公司经营绩效显著正相关。另外，行业背景的差异让上市公司营运资金策略的选择产生非常大的影响。实证分析第二部分，，研究上市公司营运资金经济模型。进而通过营运资金信息，尝试推断营运资金信息中蕴含的上市公司私有的管理信息。然后，通过近期的营运资金信息来评价和预测公司未来一段时间的企业经营绩效。最后，文章结合研究结果给出总结和研究展望。
[Abstract]:Working capital management is a very important part of corporate finance. In the current international and domestic economic and financial background, working capital management is the most important financial management of enterprises. Therefore, the study of this paper highlights a very important practical significance. This paper analyzes the essence, constitution and function of working capital by normative analysis. Using the relevant knowledge of economics and finance, combined with the reality of China's securities market, the working capital evaluation model is constructed. The first part of the empirical analysis studies the significance of working capital to the business performance of listed companies and the relationship between the choice of working capital strategy and business performance. Through the analysis, the working capital is controlled in a suitable ratio, which has a significant positive correlation to the operating performance of listed companies. In addition, the differences in industry background make the choice of working capital strategy of listed companies have a great impact. The second part of empirical analysis, the study of listed companies working capital economic model. Then, through the working capital information, we try to infer the private management information of listed companies contained in the working capital information. Then, through the recent working capital information to evaluate and predict the company's business performance for a period of time. Finally, combined with the research results, the paper gives a summary and research prospects.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275.1;F832.51;F224

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