金融發展對營運資金管理效率與公司績效關係之影響   – 以中國上市公司為例

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姓名

簡懌均(I-Chiun Chien) 查詢紙本館藏

畢業系所

企業管理學系在職專班

論文名稱

金融發展對營運資金管理效率與公司績效關係之影響 – 以中國上市公司為例
(Working capital management, corporate performance, and financial development: Evidence from China)

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摘要(中)

本研究主要探討2007年新頒布應收帳款質押政策的施行，對營運資金管理與企業績效間關係的影響，該新政策允許企業可以使用應收帳款作為融資擔保。係使用中國大陸深、滬A 股2004-2013 年1,234 家上市公司為研究對象的實證研究。結果顯示，營運資金管理效率與與企業績效表現的關係呈現顯著的負相關，而政策實施則對於營運資金管理效率與企業績效表現的關係呈現顯著的正向影響

摘要(英)

This paper investigates the impact of the implementation of the new receivables pledge policy in 2007, which allows firms to use receivables as security for loans since 2007, on the association between working capital management and corporate performance based on the sample of Chinese listed companies during the 2004-2013. The empirical results show that working capital management is negatively related to corporate profitability and the implementation of the new policy has a positive effect on the relation between working capital management and corporate performance.

關鍵字(中)

★ 營運資金管理
★ 現金轉換週期
★ 公司績效

關鍵字(英)

★ Working capital management
★ cash conversion cycle
★ corporate performance

論文目次

中文摘要 I
英文摘要 II
目　錄 III
圖目錄 IV
表目錄 IV
一、緒論 1
二、文獻探討與假說之建立 3
2-1 營運資金管理與公司績效 3
2-2 營運資金管理與金融改革 10
三、研究方法 13
3-1 資料來源及樣本 13
3-2 模型建立 13
3-3 變數定義 14
3-4 統計分析方法 19
四、實證分析結果 20
4-1 敘述性統計分析 20
4-2 相關係數分析 24
4-3 迴歸分析 26
五、結論與建議 42
參考文獻　　　　　　 44
附　　錄 47

參考文獻

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指導教授

洪榮華(Jung-Hua Hung)

審核日期

2016-1-21

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