文档介绍：
煤炭采掘企业供应链下游关系与营运资金
管理绩效研究#
任海芝,苏航*
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(辽宁工程技术大学工商管理学院,葫芦岛 125105)
摘要:煤炭供应链的优化和管理已经成为煤炭企业营运资金管理的重心。煤炭制造企业营运
资金管理的好坏,不仅帮助企业认识自我,发挥自身优势,弥补自身不足,而且为煤炭制造
业营运资金管理绩效提供理论依据。论文以随机抽取的 2010-2012 年沪深 9 家 A 股上市的煤
炭采掘公司为研究对象,结合文献调查与上市公司年报,提出四个理论假设,并以
作为数据分析工具,验证理论模型和构建的营运资金管理绩效评价体系。主要结论如下:(1)
煤炭采掘企业客户关系集中度与经营活动营运资金周转期以及营销渠道资金周转呈负相关
关系;(2)当煤炭制造业供应链中上游制造商与下游客户的关系具有稳定性、对称性时,
客户集中度与营运资金周转期正相关,这种正相关关系不仅表现在煤炭制造企业的经营活动
资金周转期上,还表现在其采购、生产和营销各渠道营运资金周转期上;(3)良好的供应
链合作关系有利于煤炭行业价值创造。
关键词:营运资金管理绩效;供应链下游关系;关系稳定性;关系对称性
中图分类号:
The Research of Downstream Supply Chain Relationships
and Working Capital Management Performance in Coal
pany
Ren Haizhi, Su Hang
(Business Administration School,Liaoning Technical University,Huludao 125105)
Abstract: IIn the petition in the coal market, coal manufacturing enterprises pay more
attention to the supply chain relationship among copperative and
management of the supply chain has e the focus of working capital management in the coal
enterprises. The working capital management of coal production enterprises is good or bad, not
only help enterprises to understand themselves,to give full play to their own advantages, but also
provide a theoretical basis for coal forthe manufacturing efficiency of working capital
paper is based on nine random sample of 2010-2012 in Shanghai and Shenzhen
coal panies as the research object,chmbined with literture investigation and coporation
annual report,and use as an analysis tool to verify the theoretical model and
construction of the working capital management performance evaluation main
conclusions are as follow:(1) Custermoer conceration is negatively related with days of working
capital turnover and marketing channel working capital turnover.(2) When the relationship
between coal industry supply chain upstream manufacturers and downstream customers has
stability, symmetry, customer concentrat