Research On The Relationship Between Liquidity And Corporate Performance Of Listed Real Estate Companies In China

In the modern economic society,the real estate industry across the production,circulation,consumption areas,its impact on the national economy and people's lives can not be underestimated,so the real estate industry is called the national economic development "barometer".After the outbreak of the financial crisis in 2008,followed by the Chinese government gradually put forward the "national eleven","new country eight","930" New Deal,"330" New Deal,cut interest rates down,let go of two children,inventory policy.To 2017,during the Two Sessions period,for real estate to inventory,transformation of shantytowns,market regulation and other policies are emphasized on.So,in the complex economic market environment,capital-intensive and highly debt-operated real estate companies,liquidity will have a huge change.Lack of liquidity will make the real estate market and the company's safe operation lose capital protection,thereby affecting the company's performance.Excess liquidity will affect the stability of the real estate market and the company operating results.To study the real relationship between liquidity and corporate performance of real estate listed companies,so that liquidity and the company's performance to achieve a dynamic balance for the rich and the development of China's real estate listed companies liquidity theory,while improving the real estate listed companies management and business performance,promoting the healthy development of the economy market,has a very important significance.In this paper,through the domestic and foreign relevant literature about real estate company liquidity or the relationship between real estate company liquidity and the company's performance,to the theory of liquidity as a theoretical basis,combined with the characteristics of real estate companies to rebuilt liquidity indicators,this paper analyzes the relationship between the real estate company liquidity and corporate performance,and puts forward the research hypothesis that based on the sample data of real estate listed companies from 2012 to 2015,through the descriptive statistics,correlation analysis and regression analysis,analyzes real estate company liquidity or the relationship between real estate company liquidity and corporateperformance,so the performance of the previous assumptions can be tested and demonstrated.Through empirical analysis on the relationship between liquidity and corporate performance of listed real estate companies,the conclusion of the study shows that the real estate listed companies AR,CCR,DRR has a significant influence on the corporate performance.Real estate listed companies should strengthen the management of cash and accounts receivable,be familiar with real estate policies,improve the financing capacity.when making decisions,to fully consider the macro environment,the real estate listed companies' s own operating conditions,reasonable arrangements for liquidity,to enhance the corporate performance.