经济转型进程中企业资金营运能力对盈利能力影响的实证研究——以上海市制造业上市公司为例

发布时间：2018-08-15 18:31

【摘要】：在现阶段经济转型过程中,企业资金营运能力对企业盈利能力产生什么影响,目前研究较少。文章以经济转型为窗口事情,选取上海制造业的八家上市公司为样本企业,以样本企业2002年~2012年的财务数据为对象,实证分析资金运营能力对企业盈利能力的影响。通过分析,我们得出,在经济转型阶段,应收账款和存货周转率对盈利能力影响下降,而固定资产周转率对盈利能力影响上升。这说明我国经济转型还没有完全完成,还需要增加固定资产投资,调整企业产品结构,适应经济转型过程中的市场需求变化,进而提高企业盈利能力。
[Abstract]:In the process of economic transformation, there is little research on the influence of enterprise capital operation ability on enterprise profitability. Taking the economic transformation as the window, this paper selects eight listed companies in Shanghai manufacturing industry as the sample enterprises, and takes the financial data of the sample enterprises from 2002 to 2012 as the object to empirically analyze the influence of the capital operation ability on the profitability of the enterprises. Through analysis, we conclude that in the period of economic transformation, the turnover ratio of accounts receivable and inventory has a lower impact on profitability, while the ratio of fixed assets has a higher impact on profitability. This shows that China's economic transformation has not been completed completely, but also need to increase investment in fixed assets, adjust the product structure of enterprises, adapt to the changes of market demand in the process of economic transformation, and then improve the profitability of enterprises.
【作者单位】：上海政法学院经济管理学院;上海政法学院;
【基金】：国家社科基金一般项目“教育差别与城乡收入差距问题研究”(项目号:08BJY011)
【分类号】：F406.7;F425

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