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财务柔性对企业价值的影响——基于饲料类上市企业经验数据分析 被引量:4
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作者 高永灿 何学松 孔荣 《黑龙江畜牧兽医》 CAS 北大核心 2018年第22期5-8,共4页
为了使饲料企业在面对频繁变动的外部经营环境时能够通过储存财务柔性增强自身的环境适应能力,减轻外部环境变动对企业价值的负面影响,笔者基于我国2000—2016年饲料类上市企业组成的非平衡面板数据,利用固定效应模型对财务柔性与企业... 为了使饲料企业在面对频繁变动的外部经营环境时能够通过储存财务柔性增强自身的环境适应能力,减轻外部环境变动对企业价值的负面影响,笔者基于我国2000—2016年饲料类上市企业组成的非平衡面板数据,利用固定效应模型对财务柔性与企业价值的关系进行了实证研究和回归分析。结果表明:财务柔性储备能够促进企业价值的提升;负债融资柔性对企业价值的影响正向显著,但现金柔性对企业价值并无显著影响。因此建议饲料类企业通过提升负债融资柔性来储备财务柔性。 展开更多
关键词 企业价值 财务柔性 负债融资柔性 现金柔性 饲料类企业
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Study on Application of Bi-directional Combination Technology Integrating Residue Hydrotreating with Catalytic Cracking RICP 被引量:5
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作者 Niu Chuanfeng gao yongcan +1 位作者 Dai Lishun Li Dadong (Research Institute of Petroleum Processing, Beijing 100083) 《China Petroleum Processing & Petrochemical Technology》 SCIE CAS 2008年第1期27-33,共7页
After analysing the disadvantages of the traditional residue hydrotreating-catalytic cracking combination process, RIPP has proposed a bi-directional combination technology integrating residue hydrotreating with catal... After analysing the disadvantages of the traditional residue hydrotreating-catalytic cracking combination process, RIPP has proposed a bi-directional combination technology integrating residue hydrotreating with catalytic cracking called RICP which does not further recycles the FCC heavy cycle oil (HCO) inside the FCC unit and delivers HCO to the residue hydrotreating unit as a diluting oil for the residue that is concurrently subjected to hydrotreating prior to being used as the FCC feed oil. The RICP technology can stimulate residue hydrotreating reactions through utilization of HCO along with an in- creased yield of FCC light distillate, resulting in enhanced petroleum utilization and economic benefits of the refinery. 展开更多
关键词 residue hydrotreating catalytic cracking bi-directional combination heavy cycle oil
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Roles of Emerging FCC-based Technologies in Shifting to Petrochemicals Production 被引量:2
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作者 Xie Chaogang gao yongcan +1 位作者 Zhu Genquan Zhang Jiushun 《China Petroleum Processing & Petrochemical Technology》 SCIE CAS 2017年第4期1-5,共5页
The emerging FCC-based technologies are applied in an attempt to shift to the production of designated light olefins(including mainly ethylene and propylene) as well as light aromatics(including benzene, toluene, and ... The emerging FCC-based technologies are applied in an attempt to shift to the production of designated light olefins(including mainly ethylene and propylene) as well as light aromatics(including benzene, toluene, and xylene)developed by the Research Institute of Petroleum Processing(RIPP), SINOPEC. The RIPP's proprietary technologies covering the Deep Catalytic Cracking(DCC), the Enhanced Deep Catalytic Cracking(DCC-PLUS), and the Maximizing Catalytic Propylene(MCP) have been playing decisive roles in the processing of crude aimed at closer integration of petroleum refining and petrochemical production both inside and outside of China since 1990. Three cases of commercial applications in five refineries, including Case Ⅰ— the closer integration between the steam cracker and the DCC/DCC-PLUS unit, Case Ⅱ— the petrochemical refinery provided with a DCC-PLUS unit, and Case Ⅲ— the integrated petrochemical/fuels refinery provided with a MCP unit, have highlighted their far-reaching effects on global petrochemicals production. 展开更多
关键词 deep catalytic cracking PROPYLENE BENZENE TOLUENE XYLENE
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Commercial Test of HGY-2000R FCC Catalyst for Maximizing Gasoline Yield
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作者 Zhang Jiushun Xu Mingde +1 位作者 gao yongcan Chang Xueliang(Research Institute of Petroleum Processing, Beijing 100083) 《China Petroleum Processing & Petrochemical Technology》 SCIE CAS 2003年第1期23-27,共5页
HGY-2000R catalyst developed by Research Institute of Petroleum Processing, SINOPEC wastested in the RFCC unit, Ulsan complex, SK Corporation, Korea from July to August 2002. The primaryresults of commercial test show... HGY-2000R catalyst developed by Research Institute of Petroleum Processing, SINOPEC wastested in the RFCC unit, Ulsan complex, SK Corporation, Korea from July to August 2002. The primaryresults of commercial test show that it has good performance of higher activity, good hydrothermal stability,higher residue cracking ability, good coke selectivity and good fluidization properties as well as maximizinggasoline yield with a lower olefin content. 展开更多
关键词 catalytic cracking CATALYST GASOLINE YIELD OLEFIN
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