纸业上市公司营运资金结构对成长能力的影响  

The Influence of Working Capital Structure on Growth Ability of Listed Paper Companies

作　　者：臧良震[1] 陈方[1] 郭小年[1] 

机构地区：[1]西南林业大学经济管理学院,昆明650224

出　　处：《林业经济问题》2011年第3期258-261,共4页Issues of Forestry Economics

摘　　要：本研究以总资产增长率和技术效率值作为衡量纸业上市公司成长能力的指标,用因子分析法得到的营运资金结构因子得分作为解释变量,并与成长能力进行多元回归分析。研究表明,当前纸业上市公司的获利能力和资金营运能力对成长能力具有正向促进作用,偿债能力对成长能力的影响有双重效应。Using the total assets rate and technology efficiency value as the indexes for weighing the growth ability of listed paper companies,this paper uses factor score of working capital structure gotten by factor analysis method as the explaining variable,and makes a multiple regression analysis with growth ability.The research shows that the profitability and operating ability have positive effects on promoting the growth of listed paper companies,but the debt paying ability has double effects on the growth ability.

关 键 词：纸业上市公司 营运资金结构 成长能力 回归分析 

分 类 号：F326.25[经济管理—产业经济]