国内外营运资金管理研究的回顾与展望

A Review and Prospect of the Working Capital Management

营运资金管理是企业财务管理的重要内容,对营运资金管理的研究理应在财务理论研究中占据显著位置。20世纪90年代以来,营运资金管理的理论研究与日新月异的营运资金管理实践相比明显滞后。我国的营运资金管理研究应以营运资金分类为切入点,建立基于渠道管理的营运资金管理新框架,在此基础上,广泛开展企业营运资金管理调查,发布“中国上市公司营运资金管理调查”,为我国企业营运资金管理的研究和评价提供数据支持。

Working capital management is the main contents of corporate finance,so the study in this field should gain much attention.Compared with the rapidly development of the practice,the development of the theory has been lagged obviously since 1990's.We suggest that the study should begin from the reclassification of working capital,and then,the new framework of the theory should be set up,which is based on the supply-chain management,the channel management and the customer relationship management.Meanwhile,we should launch on the survey of working capital management of Chinese companies and promulgate the results,which can offer the data for the study and evaluation of working capital management.