Study On Influencing Factors And Economic Consequences Of Airline Asset Structure

The airline are in the main position in the aviation transportation industry,which play an important role in promoting the development of the aviation industry.However,Chinese airlines belong to capital-intensive industries with typical heavy assets,make the assets less elastic and the operating risk high.Therefore,how to optimize the structure of assets to improve competitiveness has become an urgent problem for Chinese airlines.This study answers the problem of asset structure optimization of Chinese airlines from two aspects: the influencing factors of asset structure and its economic consequences.Firstly,the study sorts out the relevant literature on asset structure at home and abroad,expounds the related concepts and theories of asset structure,influencing factors and economic consequences,and clarifies the logical relationship between asset structure,influencing factors and economic consequences.Then it compares the current situation of the asset structure of typical airlines at home and abroad,and analyzes the four special influence factors of property rights and financing capabilities,business models,aircraft introduction methods and development stages.Then it makes an empirical analysis about the relationship of the asset structure and economic consequences of airlines.It is concluded that: The proportion of money and securities is negatively correlated with the efficiency of asset utilization,and is positively correlated with the bankruptcy risk of enterprises.The relationship between the proportion of receivables and the risk of bankruptcy of enterprises is not significant;The proportion of accounts receivable,the proportion of fixed assets and construction projects in progress,and the proportion of intangible assets are positively correlated with the efficiency of asset utilization;the proportion of fixed assets and construction projects in progress and the proportion of intangible assets are negatively correlated with the bankruptcy risk of enterprises.Finally,based on the empirical analysis results of the above economic consequences,the analysis of the influencing factors and the relevant theoretical basis,the study puts forward reasonable suggestions for optimizing the asset structure of China's airlines from five aspects,and summarizes the limitations of this study and the direction of future research.This study studies the airline asset structure from the aspects of influencing factors and economic consequences.For the first time,it conducts a comprehensive study on the relevant content of airline asset structure.And it expands the theory of asset structure and provides empirical evidence and research basis for airline asset structure theory research.