我国光伏产业上市公司营运资金管理研究

发布时间：2018-04-28 20:19

本文选题：光伏产业 + 营运资金　；参考：《黑龙江大学》2014年硕士论文

【摘要】：本文在选择一个快速发展变化的新兴产业的基础上，，针对我国光伏产业上市公司的营运资金管理现状，查阅国内外参考文献对营运资金及其管理政策做出了理论上的探讨，分析了营运资金管理政策选择对企业绩效产生的影响。在分析我国光伏产业上市公司营运资金管理情况后，提出了我国光伏产业上市公司营运资金融资政策激进度及营运资金占用比例都同公司绩效负相关的假设；并分别以总资产回报率、净资产回报率和销售回报率为变量设计了三个实证模型，并对变量做了描述性、相关性和多元回归分析。本文认为：我国光伏产业上市公司可以通过降低资产负债及流动比率扩大资产规模来从资产及资本层面上提高公司绩效。本文最后提出了建立与企业财务管理目标相适应的营运资金管理目标，完善营运资金预算管理及建立多元化融资渠道，构建精细化财务管理体系管控营运资金风险的建议。
[Abstract]:Based on the selection of a rapidly developing and changing emerging industry, this paper makes a theoretical discussion on the working capital and its management policy in the light of the current situation of working capital management of listed companies in the photovoltaic industry in China, referring to the references at home and abroad. The influence of working capital management policy selection on enterprise performance is analyzed. After analyzing the situation of working capital management of listed photovoltaic companies in China, the assumption that the financing policy of working capital of listed photovoltaic companies and the proportion of working capital occupied are negatively correlated with the performance of the company is put forward. Three empirical models are designed with the variables of total return on assets, return on net assets and return on sales, and the variables are described, correlated and multivariate regression analysis is made. This paper holds that the listed companies of photovoltaic industry in China can improve their performance in terms of assets and capital by reducing their assets, liabilities and current ratio to expand the scale of their assets. At last, the paper puts forward some suggestions on establishing the working capital management target, perfecting the working capital budget management and establishing diversified financing channels, and constructing a fine financial management system to control the working capital risk.
【学位授予单位】：黑龙江大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275.1;F426.6

【参考文献】