广西制造业上市公司营运资金管理调查——基于广西13家上市公司的实证分析  

The Working Capital Management Survey of Guangxi Listed Manufacturing Companies

作　　者：廖素桃[1] 项载丽[1] 

机构地区：[1]广西大学,广西南宁530004

出　　处：《区域金融研究》2013年第8期84-88,共5页Journal of Regional Financial Research

基　　金：2012广西壮族自治区财政专项资助研究生创新计划项目<广西制造业上市公司营运资金管理绩效分析>(项目编号:YCSZ2012039)

摘　　要：按经营活动营运资金周转期"按要素"和"按渠道"指标对2007-2011年五年间广西13家制造业上市公司营运资金管理绩效进行了调查分析。结果表明:制造业营运资金管理绩效在五年间不断下降,行业性质的不同导致营运资金管理绩效水平在制造业子行业之间存在较大的差异;行业间应收账款周转期与存货周转期的存在一定的反向变动关系;当前广西制造业上市公司提升营运资金管理绩效的普遍做法是延长应付账款付款期;加强对生产渠道营运资金的管理和控制是提升营运资金管理绩效的一个重要方法。因此,从渠道方面建立基于业务流程管理的营运资金管理模式是提高公司营运资金管理绩效的有效途径。The article analyzes listed companies＇ performance of working capital management from the perspective of channel and element. We investigate and analyze working capital management performance of Guangxi listed manufacturing companies in 2007-2011. The results show that： the working capital management performance of Guangxi listed manufacturing companies drop ceaselessly in the five years. At the same time, there exist large differ- ence among industries on working capital management performance level. There is a certain relationship between receivable turnover and inventory turnover period among industries. Finally, it proposes method from the channel to improve corporate working capital management, namely establishes working capital management model based on busi- ness process management.

关 键 词：广西 营运资金 渠道 要素 

分 类 号：F830.91[经济管理—金融学]