营运资金管理政策与其管理绩效的关系研究--基于白酒行业上市公司  

Study on the Relationship between the Policy of Working Capital Management and Performance of Working Capital Management in Listed Company of Liquor Industry

作　　者：刁伍钧[1] 扈文秀[2] 

机构地区：[1]西安理工大学经济与管理学院 [2]西安理工大学工商管理学院

出　　处：《经济与管理研究》2011年第8期99-104,共6页Research on Economics and Management

摘　　要：本文以2002～2008年白酒行业上市公司为样本,通过回归分析,研究营运资金管理政策和营运资金管理绩效之间的关系。研究结果表明:资产组合策略和利息率与白酒行业上市公司营运资金管理绩效之间存在显著负相关关系;筹资组合与白酒行业上市公司营运资金管理绩效之间存在负相关关系;资产组合和资产规模与白酒行业上市公司营运资金管理绩效之间不存在负相关关系。This paper researches listed companies of liquor industry from 2002 to 2008. It utilizes regression analysis to research the relationship between policies of working capital management and performance of working capital manage- ment. The results show： portfolio strategy and interest rate are significant negative correlations with performance of workingcapital management in listed company of liquor industry. Secondly, f^nancial combination is negative correlation with per- formanee of working capital management in listed company of liquor industry. But asset portfolio and scale aren＇t negative correlations with performance of working capital management in listed company of liquor industry.

关 键 词：白酒行业上市公司 营运资金管理 绩效 营运资金周转期 营运资金管理政策 

分 类 号：F830[经济管理—金融学]