System Perspective To Correlation Between Enterprise Asset Structure And Corporate Value, Performance

The essence of enterprise is an alternative to the market allocation of resources of theorganization, but an enterprise’s resources are limited. This will require the enterprisesoperating in the process of their own resources reasonable and effective configuration, so as torealize the enterprise’s development. With the development of China’s economy and thedeepening of market competition, the country has entered a new period of strategicadjustment of the economic structure and the upgrading of the industrial structure, how toenhance the enterprise’s profit ability, is a major subject of enterprise survival anddevelopment in the market environment.Our company is regarded as a whole system structure, composed of various elementsaccording to certain connection of the composition of the. When we take the project as thebasic part of the industrial company, asset allocation is manifesting the comparison andselection of enterprise of project: when the company faces when two or more than twoprojects, according to their different project performance and will have to face the risk ofjudgment. Further, when the company needs to consider the synergistic effect betweenprojects, can also be a few closely related project organic component of a system, the finalresult that is company will achieve better corporate performance.Through the research on domestic and foreign literature about corporate performance,analyzes the theory of capital structure and corporate performance, the use of empiricalresearch methods, summary financial data of2009--2010of the listing Corporation throughstatistics, by analyzing the correlation and regression, the relationship between capitalstructure and company performance, the conclusion is: the current assets and operating profitrate of moderate positive correlation, the monetary fund and operating margins moderatepositive correlation, inventory and operating margins were moderately correlated. The greateramount of variable factor of production, fixed assets more capacity can be fully utilized, onthis basis can increase the performance of enterprise.Therefore, some suggestions are put forward to improve the asset allocation, includingthe optimization of fixed assets, improve asset allocation in two aspects. Among them, themain measures of optimization of fixed assets: a focus on renovation of fixed assets idleassets, to enhance the profitability of fixed assets; give full play to the production capacity,improve the utilization level; reduce the total fixed assets non-productive business types of proportion; control the production process safety. To improve the flow of asset allocation, themain measures are: to ensure adequate monetary assets, appropriate expansion the inventoryof assets, appropriate control of accounts receivable.Compared with other research results, mainly from the system theory point of view, withfixed assets as the core frame of reference of asset structure, asset allocation and flow aroundthe fixed asset to dynamic, assets structure is formed on the basis of, and the relationshipbetween capital structure and corporate performance. Therefore, this article from theperspective of theory and empirical, correlation to verify the asset allocation and businessperformance and puts forward around the fixed assets to build the concept model of enterprisedynamic asset allocation, worthy of reference and theoretical study.