Research On The Impact Of Asset Structure On Performance Of Listed Companies In Rubber And Plastic Products Industry

In the study of enterprise financial management,asset structure is a problem that can not be ignored,it fully reflects the efficiency of enterprise assets.Scientific and reasonable assets structure is not only beneficial to sustained and stable operation,but also can lay a solid foundation for enterprise future development.Rubber and plastic products industry is the important and basic property of China,and is the key industry to implement supply side reform.The study of the relation between assets structure and enterprise performance in theory and practice are less and less,so this paper tries to demonstrate the feasibility that reasonable and effective asset structure can improve enterprise operation performance by the correlation study,and to give the rational suggestions to optimize asset structure and to improve operating performance for the rubber and plastic products listed companies.Based on the above purpose,this paper selects 30 listed companies that can be the representative sample of rubber and plastic products industry as the original furniture,and uses the information of the annual report which is publicly disclosed and other financial data from the year of 2013 to 2015 to analyze the correlation and regression.This paper selects some more representative indicators that includes the proportion of monetary funds,accounts receivable,inventory ratio,the proportion of fixed assets,intangible assets accounted as an asset structure indicators,and uses the adjusted total assets of yields as indicators of performance.Through multiple linear regression model,this paper makes the correlation analysis and regression analysis to study how the assets structure of rubber and plastic products industry affcts the business performance.Through literature research,standardized research and empirical research,theconclusion is drawn: the asset structure of listed companies in China's rubber and plastic products industry has a certain impact on business performance,and the impact of different asset structure on business performance is different.Among them,the proportion of currency funds,inventory accounting are negatively correlated with business performance,and the inventory accounting have more significant effect on operating performance;The proportion of accounts receivable,the proportion of fixed assets and intangible assets are positively correlated with business performance,and the intangible assets has the most significant effect on operating performance.Finally,this paper puts forward some suggestions on how to improve the performance of the listed companies and improve the comprehensive strength of the rubber and plastic products industry combined with the status quo and empirical conclusions.