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《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）》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、利率变化对营运资金影响的实证分析（Empiricalanalysisoftheinfluenceofinterestratechangeonworkingcapital）EmpiricalanalysisoftheinfluenceofinterestratechangeonworkingcapitalAbstract:workingcapitalmanagementisoneoftheimportantcontentsofmodernfinancialmanagement.Inthispaper,themanufacturingindustryAsthesampledataofli
2、stedcompanies,thispaperanalyzestheinfluenceofinterestrateonworkingcapitalbymeansofstatisticalanalysis.TheresultsshowthattheinterestratefactoriscloselyrelatedtotheworkingcapitalofListedCompaniesinchina.ResearchinthispaperTheresultprovidesagoodreferenceforthedecisionmakingoftheworkingcapitalinves
3、tment.Keywords:workingcapitalinterestrateempiricalstudyInterestrate,asanimportantmonetarypolicyofthecentralbank,canadjustthedemandandsupplyofmoneymacroscopicallyQuantity,totalsocialsupplyandtotaldemand,priceriseandfall,distributionofnationalincomeandforeigncapitalflow,etc.Ontheotherhand,theleve
4、lofinterestratedirectlyaffectsthedistributionofpersonalincomebetweenconsumptionandsavings,andenterprisemanagementEnthusiasmformanagementandinvestment.AndtheimpactofinterestratecutsontheinternalfinancialmanagementislessWorkingcapitalmanagementisoneoftheimportantcontentsofinternalfinancing.Sothee
5、ffectofchangesininterestratesonworkingcapitalThisisthefocusofthisstudy.Theso-calledworkingcapitalorliquidcapitalreferstotheenterpriseonthecurrentassetsonthepad.ForeignnormsResearchandempiricalresearchshowthatenterprisesareaffectedbythefollowingfactorswhentheyconsiderworkingcapitalinvestmentIndu
6、stry,scale,salesgrowth,managementefficiency,managementstrategyandinterestrate,etc..DomesticscholarsarealsofromthenormTheinfluenceofthesefactorsonChineseenterprisesisdiscussed,butonlysomeofthemaredeeplystudiedTheempiricalresearch,suchasLiuHanlin(2003),considersthedemandforworkingcapitalofinterin
7、dustryindustryofListedCompaniesinChinaInasignificantdifference,thefirm'sindustryisafactorthataffectsdemandforoperatingcapital;However,fewscholarshavestudiedtheinfluenceofinterestratechangesonworkingcapitalfromanempiricalpointofvie
