林业上市公司营运资本结构对经营绩效影响的实证研究  

An Empirical Study on the Effect of Working Capital Structure of Forestry Listed Companies on Business Performance

作　　者：王昕怡 黄雷 陈健(指导) WANG Xin-yi;HUANG Lei(School of Economic and Management,Nanjing Forestry University,Nanjing 210037,China)

机构地区：[1]南京林业大学经济管理学院,南京210037 [2]不详

出　　处：《中国林业经济》2020年第6期127-130,共4页China Forestry Economics

基　　金：南京林业大学创新训练项目“基于三重底线原则的物流业上市公司绩效评价研究”(2019NFUSPITP0218)。

摘　　要：以29家林业上市公司为研究对象,选取样本公司2017-2019年的财务数据,运用多元回归分析研究了营运资本结构对经营绩效的影响。结果表明,货币资金和存货所占流动资产的比值与经营绩效负相关,短期借款、应付账款和应交税费所占负债的比值以及营业利润增长率与经营绩效正相关。企业应当合理管控流动资产,在保持流动性的前提下适当调节负债比例,提高生产经营活动的效率。With the development of ecological civilization,the management performance of listed forestry companies is being paid more and more attention.Based on the financial data of 29 listed forestry compa⁃nies in 2017-2019,this paper used multiple regression analysis to study the impact of working capital structure on business performance.The results showed that the ratio of monetary capital and inventory to current assets was negatively related to operating performance,while the ratio of short-term loans,ac⁃counts payable and taxes payable to liabilities and the growth rate of operating profit were positively relat⁃ed to operating performance.It thought that an enterprise should reasonably control its current assets,prop⁃erly adjust the proportion of liabilities on the premise of maintaining its liquidity,and improve the efficien⁃cy of its production and operation activities.

关 键 词：林业上市公司 企业绩效 营运资本结构 

分 类 号：F326[经济管理—产业经济]