营运资金内部结构与企业绩效的相关性研究

A Study on Correlation between Internal Structure of Working Capital and Enterprise Performance

金融危机的爆发,凸显了营运资金的重要性,同时也将营运资金管理对企业绩效影响的研究推向新阶段。通过研究营运资金内部结构对企业盈利能力的影响可以得出结论:经营性营运资金占比高对企业的盈利能力起抑制作用,而融资性营运资金占比高对企业的盈利能力起促进作用。所以,建议企业尽量减少经营性营运资金,以便大力提升融资性营运资金的获取能力。

The outbreak of financial crisis makes working capital more prominent than before,and push the studies on its influence upon enterprise performance to a new stage,e. g. some studies on the influences of internal structure of working capital upon a company＇s profitability show that a high proportion of operational working capital may inhibit a company＇s profitability,but a high proportion of financing working capital will improve it. As a result,it is recommended that a company minimize the operational capital so as to improve its capability of acquiring the financing capital.