摘要
营运资本对企业生存、发展和获利不可或缺。企业缺乏营运资本会导致流动资产比率下降,引发财务危机。本文从营运周期切题,论述了营运资本管理的导因和营运资本管理的内容,并就营运资本政策从投资和融资的角度进行了剖析,指出营运资本管理应权衡风险与收益,并根据企业实际情况对营运策略(营运政策)相机选择,以辅助决策、指导实践。
Working capital is indispensable for enterprises to survive, develop and make a profit. For enterprises, lacking working capital will cause the current assets ratio to drop, and lead to financial crisis. This paper elaborated the reasons and contents of working capital management from the working cycle angle, and analyzed working capital policies from the investing and finandng angle. Finally, in the author＇ s opinion, the working capital management should balance risks and returns, and chcose working strategy （working policies） accordingly to guide practice from enterprises＇ actual situation.
出处
《华北科技学院学报》
2006年第3期104-108,共5页
Journal of North China Institute of Science and Technology
关键词
营运资本
营运周期
持有策略
筹集策略
Working capital
Working cycle
Holding strategy
Collection strategy
