A Study On The Measurement And Influencing Factors Of The Listed Companies’ Accounts Receivable Risk In The Nonferrous Metals Industry

In recent years,non-ferrous metals industry is developing slowly,and the market demand is not stable.In order to compete for customer resources,companies often use the method of credit sale,which leads to the increase of accounts receivable.When the company’s accounts receivable amount is too large,it will bring a series of risks.This is due to the instability of accounts receivable recovery.First of all,this paper selects 2016 30 operating condition of the listed companies as samples.We need observe and analyse listed companies,which including accounts receivable and bad debts,accounts receivable turnover,accounts receivable growth rate and operating income growth rate,ratio of accounts receivable to current assets,and aging.Based on the above analysis,explain the causes of the risk of accounts receivable.Secondly,according to the researching results of previous scholars,the ratio of bad debts,the recovery of accounts receivable,the relative size of accounts receivable,accounts receivable growth rate minus operating income growth rate,and the average age are used for measuring the risk of accounts receivable.AHP is used to calculate the weight of each index,and each index is normalized to calculate the risk of accounts receivable.Then,we research the factors affecting the risk of accounts receivable,which including quality of internal control,earnings quality of main business,corporate performance and company size.Selecting the 2012-2016 of 30 listed companies in the construction of 150 groups of panel data and regression analysis,and verifying the hypotheses and the conclusion.The quality of internal control(Icq),earnings quality of main business(Eq),corporate performance(Cp)and company size(LnSize)are negatively related to accounts receivable risk(Arr).At last,we put forward some suggestions on how to reduce the risk of the accounts receivable of the listed companies in the nonferrous metals industry,which including the prior control,the management and the follow-up.