Agricultural Enterprises Working Capital Structure And Asset Structure Impact On Corporate Performance

Our country is a large agricultural nation, the agriculture is the foundation of thenational economy, enough food supply to ensure that the rapid economic developmentand social stability. This has been our country will be the development of agriculturesee very important reason. At present our country is go the way of the industrializedoperation of agriculture, because it embodies the agriculture of the requirements of thedevelopment of advanced productive forces, promote strategic adjustment ofagriculture realistic choice, it accelerated in the development of the agriculturaleconomy, improve agricultural competition, improve agricultural modernization is ofsignificance. But the agricultural enterprise is the industrialized operation ofagriculture, in the middle of the link, therefore, to agriculture enterprise operatingcapital structure and assets structure on the enterprise performance impact of the studyhave realistic meanings.First of all, the paper with the present study related to the working capitalstructure, assets structure and the theory of enterprise performance were reviewed inthis paper, and then the relevant working capital structure, assets structure andenterprise performance literature is reviewed, and a conclusion that the study object,method, etc.Secondly, the paper on agricultural enterprise operating capital structure and theassets structure analysis of the current situation, concluded that the current agriculturalenterprises with profitability is low, the present situation of the risk is big, the part ofthe analysis results of the research hypotheses below provides objective reference.Again, this paper to agriculture of literature review and enterprise operatingcapital structure and the present situation of the assets structure analysis for the basis,puts forward the research hypotheses, the selection of33listed agriculture enterprise assamples, the selection of2007-2010years of agricultural listed companies for the datain the annual report of object of study, the structure and the working capital assets structure for the important index of the independent variable and the weighted averagenet assets yield for the dependent variable, the enterprise scale for the control variables,a regression model, the use of data SPSS14.0on regression analysis, to obtain theresult for, current assets ratio (current assets/long-term assets), the current assets ratio(current assets/total assets), fixed assets ratio, the intangible assets ratio, the scale ofthe enterprise and enterprise is negatively related to the performance, but notsignificant. Current debt ratio, the current asset turnover, long-term investment rate,total asset turnover and enterprise performance are related and are very significant.Finally, the article is an empirical study results indicated that the conclusion, andin subsequent enterprise operating funds from optimize the agricultural structure andthe assets structure; Through the merger and merger improve enterprise performance;Use of government policies to improve agricultural enterprise performance threeaspects are put forward to improve agricultural enterprise performance ofcountermeasures.