上市公司各渠道营运资金管理绩效对盈利能力影响研究

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1、AbstractBoththefoodbeverageindustryandthetextilegarmentindustryareimportanttoourdailylifeandtheeconomicdevelopment.Alsowiththedevelopmentofeconomicandtechnology,thefoodbeverageindustryandthetextilegarmentindustryaredevelopingrapidly.Althoughthenewindustriesar

2、ealwaysonemerging,thefoodbeverageindustryandthetextilegarmentindustryarestillthetwomajorindustriesinthemanufactureindustry.What’smore,thefoodbeverageindustryandthetextilegarmentindustryarethemeasureofpeople’slivingstandardandthestrengthofonecountry’seconomy.A

3、ndtheworkingcapitaloffoodbeverageindustryandthetextilegarmentindustryaresensitivetothechangeofseason,soitisessentialtostrengthenthemanagementofworkingcapital.Wecanavoidtheshortageofcashflowscausedbytheinappropriatemanagementofworkingcapital.Also,wecanlearnthe

4、workingcapitalmanagementontheprofitabilityoftheenterprisefromthestakeholdersandthechanneltheoryperspectiveinordertostrengthenoverallprofitabilitytheenterprise.Soitissignificantinthetheoreticalandpracticalperspective.Themainresearchworkandachievementsofthispap

5、erareasfollows:First,wereviewtheliteratureonworkingcapitalmanagementtheoryandtheempiricalresearchofworkingcapitalmanagementontheprofitabilityoftheenterpriseandsummarizetheliteratures’shortcomings.Then,webringforwardthebasicobjectivesandthemaincontentofourrese

6、arch.Welistthreebasictheory:thestakeholdertheory,thesupplychaintheoryandthechannelmanagementtheory.Second,weselect336samplesofthelistedcompaniesastheresearchobject.Theconclusionsareasfollows:TheManagementcycleofworkingcapitalinoperatingchannelsisnegativetothe

7、profitabilityoftheenterprise.TheManagementcycleofworkingcapitalinproducingchannelsisnegativetotheprofitabilityoftheenterprise.TheManagementcycleofworkingcapitalinmarketingchannelsisnegativetotheprofitabilityoftheenterprise.TheManagementcycleofworkingcapitalin

8、purchasingchannelsisnegativetotheprofitabilityoftheenterprise.Third,wefindthattheManagementcycleofworkingcapitalinproducingchannelsismoreimportanttotheprofitabilityoftheenterprise.Bythest