Research On The Impact Of Working Capital Structure Of Agricultural Listed Companies On Business Performance

In order to adapt to the increasingly fierce market competition and enterprises to survive and develop in competition,more and more companies are no longer limited to the expansion of external business,turning to the internal control of the company.Internal control as part of business management,related to the business structure and risk management of the company,is an extremely important part.Working capital is the most active element of daily business management.As an important part of corporate financial management,how to effectively manage it must be the focus of internal control of enterprises.The existing research on working capital management research focuses on manufacturing,real estate,financial industry,etc.Research on working capital of agricultural listed companies is rare.Most of the research stays in the qualitative research of the research results in related fields.No quantitative research on working capital of agricultural listed companies.Based on the actual needs of business operations and the shortcomings of previous research,this paper uses a combination of normative research and empirical research.First,it reviews the research results and remaining issues in the previous literature on working capital management.From this,the research object of the management fund management structure of agricultural listed companies was determined.On this basis,the theoretical basis needed for the research of this paper is compiled.In the empirical part,select the annual financial indicators of China's agricultural listed companies for 2015-2017 as data sources,Establishing evaluation indicators for the management structure of corporate working capital.Using factor analysis and multiple regression,Observe its impact on business performance.The operating performance of agricultural listed company is positively correlated with accounts receivable turnover,current assets turnover,inventory turnover,current liabilities ratio,working capital ratio,cash flow liability ratio.While the business performance is negatively correlated with the proportion of liquidity.There is hardly any correlation between business performance and current liabilities and long-term debt ratio.Proposing related to the management structure of working capital of agricultural listed companies.Help enterprises improve the management of working capital management structure and improve their business performance.