我国房地产业上市公司经营活动营运资金管理效率对企业绩效影响的研究.pdf

理念，对房地产行业各渠道的经营活动营运资金管理效率与企业绩效的关系进行 理论分析，提出本文的研究假设。 （3）本文选取综合反映房地产企业绩效的盈利能力、营运能力、偿债能力 以及发展能力的四类财务指标，通过因子分析法得出一个综合得分，以此来衡量 企业绩效；本文选用基于渠道的营运资金管理绩效评价体系作为各渠道营运资金 管理效率的衡量指标；选取房地产行业上市公司 2008-2012 年的数据作为样本， 借助 SPSS 统计分析软件，对分渠道的经营活动营运资金管理效率以及经营活动 营运资金管理效率和企业绩效之间的关系进行研究。 （4）通过对实证结果进行分析，得出本文的研究结论，并在此基础上提出 了从渠道的视角提高房地产企业经营活动营运资金管理效率的对策建议，为我国 房地产企业的持续健康发展提供新的动力。 本文得出采购渠道营运资金周转期、生产渠道营运资金周转期、营销渠道营 运资金周转期、经营活动营运资金周转期分别与企业绩效呈显著的负相关关系的 结论，另外年份是影响企业绩效的显著因素。 关键词：房地产; 营运资金管理; 渠道; 企业绩效 万方数据 Study on Impact of Operating Working Capital Management Efficiency on Enterprise Performance for China’s Real Estate Listed Companies Abstract Working capital is a combination of current assets and current liabilities of the enterprises and its main role is to maintain the normal business operations. Working capital management is the most frequent one in the daily financial management of modern enterprises. And it has become an important part of modern enterprise management . Working capital management involves all aspects of daily business operations, including not only the smooth and efficient operation of monetary funds, accounts receivable, inventories and other current assets but also the rational use and repayment of short-term borrowings, accounts payable, current liabilities. Working capital management efficiency will affect business performance directly. Companies need to strengthen its working capital management according to the internal and external environment to improve the working capital management efficienc