流动资产投资政策与公司绩效关系研究——基于我国生物医药上市公司的实证分析  

Current Asset Investment Policy and Company Performance Relation——An Empirical Study Based on our Medicine and Biology Listing Corporation

作　　者：孙羡[1] 

机构地区：[1]吉林工商学院,长春130062

出　　处：《工业技术经济》2012年第8期126-131,共6页Journal of Industrial Technological Economics

摘　　要：营运资本管理包括营运资本投资管理和筹资管理,而营运资本投资管理的重要内容之一是流动资产投资政策的制定。本文在进行流动资产投资政策与公司绩效的理论分析基础上,选取我国医药业上市公司2001～2010年74家面板数据,采用分位数回归检验流动资产投资政策对营运效率不同的公司绩效的影响,结果表明流动资产收入比对企业经营绩效产生负向影响,对营运效率越高的企业影响越显著。在此基础上,对于如何采取合理的流动资产投资政策提出了对策建议。Working capital management includes investment in working capital management and finance management, and investmerit in working capital management is one of the important contents of current asset investment policy making. This paper analysis current asset investment policy and corporate performance based on theoretical analysis, and select 74 medical industry listing corporations in 2001 - 2010 year＇s panel data, using liquid assets investment policy on the operation efficiency of different influence firm performance. The resuits show that current assets income ratio on corporate performance is negatively effect, and the operational efficiency of the enterprises with higher more significant effect. On this basis, some reasonable current asset investment policy suggestions are taken.

关 键 词：营运资本 流动资产 投资政策 公司绩效 

分 类 号：F273.4[经济管理—企业管理]