基于灰色关联度模型的企业资产结构与其经营绩效之间的关系

Relationship of Enterprise’s Asset Structure and Operation Performance Using Gray Correlation Degree Model

对于化工类企业而言,无形资产是其重要的核心竞争力资源,固定资产表明的是它的生产能力,均与其收入的取得和赢利的创造直接相关;而流动资产则更多的是作为帮助销售收入的形成,为其成果的创造提供必要条件的资产,因而与其收入的取得和赢利创造间接相关.为此,选择了在沪、深两地上市的108家化工类企业的2001—2006年共6个年度的年报作为分析样本,运用灰色关联度模型从动态角度进行了实证分析,分析结论与预期基本一致.

For chemical enterprise, intangible assets, which is the important core competence resource, and fixed assets, which represents its productive capacity, are directly correlative with the enterprise＇s revenue and profit. And current assets, as a kind of assets to help produce sales revenue and provide necessary conditions to create the outcome, is only indirectly correlated with the acquisition of revenue and profit. To test the argumentation, the annual financial reports in 6 consecutive years（2001-2006） of 108 chemical companies listed in Shanghai or Shenzhen stock exchange are ehosed as samples to carry out an empirical analysis using gray correlation degree model. The results agree well with argumentation.