利率变化对营运资金影响的实证分析（Empirical analysis of the influence of interest rate change on working capital）.doc

利率变化对营运资金影响的实证分析（Empirical analysis of the influence of interest rate change on working capital） Empirical analysis of the influence of interest rate change on working capital Abstract: working capital management is one of the important contents of modern financial management. In this paper, the manufacturing industry As the sample data of listed companies, this paper analyzes the influence of interest rate on working capital by means of statistical analysis. The results show that the interest rate factor is closely related to the working capital of Listed Companies in china. Research in this paper The result provides a good reference for the decision making of the working capital investment. Key words: working capital interest rate empirical study Interest rate, as an important monetary policy of the central bank, can adjust the demand and supply of money macroscopically Quantity, total social supply and total demand, price rise and fall, distribution of national income and foreign capital flow, etc. On the other hand, the level of interest rate directly affects the distribution of personal income between consumption and savings, and enterprise management Enthusiasm for management and investment. And the impact of interest rate cuts on the internal financial management is less Working capital management is one of the important contents of internal financing. So the effect of changes in interest rates on working capital This is the focus of this study. The so-called working capital or liquid capital refers to the enterprise on the current assets on the pad. Foreign norms Research and empirical research show that enterprises are affected by the following factors when they consider working capital investment Industry, scale, sales growth, management efficiency, management strategy and interest rate, etc.. Domestic scholars are also from the norm The influence of these factors on Chinese enterprises is discussed, but only some of them are deeply studied The empirical r