中国上市公司营运资金管理调查:2013

发布时间：2018-03-14 00:10

本文选题：营运资金管理调查　切入点：要素　出处：《会计研究》2014年12期 　论文类型：期刊论文

【摘要】：本调查以2013年2299家A股上市公司作为研究对象,对中国上市公司营运资金管理进行了行业调查、地区调查和专题调查,得到以下结论:(1)上市公司营运资金配置仍以投资活动为主,但有向经营活动倾斜的趋势,与上市公司整体不同,战略性新兴产业营运资金主要配置给经营活动;(2)短期金融性负债比例略有上升,营运资金筹资风险有增加趋势;(3)中国上市公司营运资金管理绩效继续恶化,应收账款和营销渠道营运资金管理绩效提升是中国上市公司营运资金管理绩效改善的关键和瓶颈;(4)中国上市公司按要素的营运资金管理水平较为成熟和稳定;(5)与民营上市公司相比,国有上市公司的经营活动营运资金管理水平更高,但国有上市公司短期金融性负债占比较高,短期财务风险较大。
[Abstract]:In 2013, a total of 2299 A-share listed companies were selected as the research objects, and the working capital management of the listed companies in China was investigated by industry, regional and special investigation. The following conclusion is drawn: (1) the working capital allocation of listed companies is still dominated by investment activities, but there is a tendency to tilt towards business activities, which is different from the listed companies as a whole. The working capital of strategic emerging industries is mainly allocated to business activities.) the ratio of short-term financial liabilities has increased slightly, and the risk of working capital financing has shown an increasing trend. 3) the performance of working capital management of listed companies in China continues to deteriorate. The improvement of working Capital Management performance in accounts Receivable and Marketing channels is the key and bottleneck of the improvement of working Capital Management performance of listed companies in China (4) the level of working capital management of listed companies in China is more mature and stable according to the factors. Compared with private listed companies, The operating fund management level of the state-owned listed companies is higher, but the short-term financial liabilities of the state-owned listed companies are relatively high, and the short-term financial risks are higher.
【作者单位】：中国海洋大学管理学院/中国企业营运资金管理研究中心;
【基金】：国家自然科学基金(71172099和71372111)资助
【分类号】：F832.51;F275

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