会计研究
會計研究
회계연구
ACCOUNTING RESEARCH
2009年
9期
51-57
,共7页
王竹泉%刘文静%王兴河%张欣怡%杨丽霏
王竹泉%劉文靜%王興河%張訢怡%楊麗霏
왕죽천%류문정%왕흥하%장흔이%양려비
营运资金%管理调查%经营活动营运资金%周转期%渠道管理%供应链管理%排行榜
營運資金%管理調查%經營活動營運資金%週轉期%渠道管理%供應鏈管理%排行榜
영운자금%관리조사%경영활동영운자금%주전기%거도관리%공응련관리%배행방
本项调查分行业考察了2007-2008年中国上市公司营运资金管理的状况和变化趋势,并用"经营活动营运资金周转期(按要素)"和"经营活动营运资金周转期(按渠道)"指标对上市公司营运资金管理绩效进行了排行.通过对比分析发现:在金融危机背景下,2/3行业的中国上市公司营运资金管理绩效在2008年度显著降低;2/3行业在至少两个渠道上的营运资金管理绩效同时降低;但也有三个行业(农林牧渔行业、金属非金属行业、交通运输及仓储业)的营运资金管理绩效不降反升,且三个渠道营运资金管理绩效同时提升.通过对典型企业的经营管理活动分析发现,渠道管理、供应链管理与营运资金管理相结合成为一种新的趋势,供应链融资、出口信用保险成为金融危机背景下企业改善营运资金管理的业务创新模式.
本項調查分行業攷察瞭2007-2008年中國上市公司營運資金管理的狀況和變化趨勢,併用"經營活動營運資金週轉期(按要素)"和"經營活動營運資金週轉期(按渠道)"指標對上市公司營運資金管理績效進行瞭排行.通過對比分析髮現:在金融危機揹景下,2/3行業的中國上市公司營運資金管理績效在2008年度顯著降低;2/3行業在至少兩箇渠道上的營運資金管理績效同時降低;但也有三箇行業(農林牧漁行業、金屬非金屬行業、交通運輸及倉儲業)的營運資金管理績效不降反升,且三箇渠道營運資金管理績效同時提升.通過對典型企業的經營管理活動分析髮現,渠道管理、供應鏈管理與營運資金管理相結閤成為一種新的趨勢,供應鏈融資、齣口信用保險成為金融危機揹景下企業改善營運資金管理的業務創新模式.
본항조사분행업고찰료2007-2008년중국상시공사영운자금관리적상황화변화추세,병용"경영활동영운자금주전기(안요소)"화"경영활동영운자금주전기(안거도)"지표대상시공사영운자금관리적효진행료배행.통과대비분석발현:재금융위궤배경하,2/3행업적중국상시공사영운자금관리적효재2008년도현저강저;2/3행업재지소량개거도상적영운자금관리적효동시강저;단야유삼개행업(농림목어행업、금속비금속행업、교통운수급창저업)적영운자금관리적효불강반승,차삼개거도영운자금관리적효동시제승.통과대전형기업적경영관리활동분석발현,거도관리、공응련관리여영운자금관리상결합성위일충신적추세,공응련융자、출구신용보험성위금융위궤배경하기업개선영운자금관리적업무창신모식.
The paper conducts a survey on Chinese listed companies about the situation of the working capital management performance in 2007 and 2008 and the trend of the working capital management performance from 2007 to 2008, and ranks the working capital management performance of Chinese listed companies based on days of operational working capital by factors and by channels. By comparative analysis, the survey demonstrates: in the context of financial crisis, the working capital management performance of Chinese listed companies in 2/3 of all industries fell dramatically in 2008; the working capital management performance fell simultaneously through at least two channels in 2/3 of all industries; while there are three industries (Agriculture, forestry, animal husbandry and fishery, metals and nonmetals industry, transportation and warehousing industry) in which the working capital management performance rose simultaneously through three channels. By the analysis of typical enterprises, the survey finds that the integration of channel management, supply chain management and working capital management has become a new trendency, and supply chain financing and export credit insurance have become business innovation models of improving working capital management under financial crisis.