Financial Leverage Of Listed Real Estate Companies And Accounts Payable Management Research

Real estate is a typical human-intensive and capital-intensive industries. Project real estate companies in the process, a lot of money needs to be invested, involved a lot of other areas. Payables inadequate funding shortage is a common problem companies. In daily operations, accounts payable in foreign funds in proportion heavy, but the overall market environment in its favor of it. The enterprise accounts payable management is not enough, the implementation is able to delay repayment on time, account payable cannot be paid more prominent issue under the background of the economic crisis. The main purpose of this study was limited sources of funding the real estate business, the enterprise’s own funds are not in very affluent circumstances, the company pays to the vendor payment, due to the presence of a number of suppliers, the need for selective payment At this point the importance of factors to be considered and each factor and build payables management decisions based on this model. Needed for research purposes, the paper using a combination of standard research methods and practical case studies..Through the domestic and foreign financial leverage and payables management studies literature review, grasp and deal with financial leverage research lines and research status of accounts receivable management. Summarize the proposed business payables management is very important. Real estate-based financial leverage enterprise accounts payable management analysis, analysis of real estate enterprise financial leverage and the corresponding financial leverage theory, accounts payable significant impact on the financial leverage. Accounts payable is a way of corporate debt financing, if late payment, will have a credit risk, the impact of ongoing operational business, loss of suppliers long-term cooperation, or difficult to obtain loans from banks. By analysis factors accounts payable right weight, build payables management decision model based on the financial leverage of the real estate business. The results showed that the degree of difficulty and the level of interest rates of bank loans, the factors of importance for enterprise vendors and other factors to be considered first payment decision. Accounts payable management decision model constructed in this paper applies to specific enterprises solve their practical problems, which found that the model in the application feasibility and limitations exist, and make recommendations.