營(yíng)運(yùn)管理外文翻譯----對(duì)整個(gè)行業(yè)中營(yíng)運(yùn)資金管理的研究-其他專業(yè)-wenkub
2023-01-30 02:35:17 本頁面
【正文】 ital management is not new to the finance literature. Over twenty years ago. Largay and Stickney (1980) reported that the thenrecent bankruptcy of . Grant. a nationwide chain of department stores. should have been anticipated because the corporation had been running a deficit cash flow from operations for eight of the last ten years of its corporate life. As part of a study of the Fortune 500’s financial management practices. Gilbert and Reichert (1995) find that accounts receivable management models are used in 59 percent of these firms to improve working capital projects. while inventory management models were used in 60 percent of the panies. More recently. Farragher. Kleiman and Sahu (1999) find that 55 percent of firms in the Samp。 our results indicate significant movements across our entire sample over time. Our findings are important because they provide insight to working capital performance across time. and on working capital management across industries. These changes may be in explained in part by macroeconomic factors. Changes in interest rates. rate of innovation. and petition are likely to impact working capital management. As interest rates rise. there would be less desire to make payments early. which would stretch accounts payable. accounts receivable. and cash accounts. The ramifications of this study include the finding of distinct levels of WCM measures for different industries. which tend to be stable over time. Many factors help to explain this discovery. The improving economy during the period of the study may have resulted in improved turnover in some industries. while slowing turnover may have been a signal of troubles ahead. Our results should be interpreted cautiously. Our study takes places over a short time frame during a generally improving market. In addition. the survey suffers from survivorship bias – only the top firms within each industry are ranked each year and the position of those firms within the industry can change annually. Further research may take one of two lines. First. there could be a study of whether stock prices respond to CFO magazine’s publication of working capital management ratings. Second. there could be a study of which. if any. of the working capital management ponents relate to share price performance. Given our results. these studies need to take industry membership into consideration when estimating stock price reaction to working capital management performance. 5 外文翻譯 : 對(duì)整個(gè)行業(yè)中營(yíng)運(yùn)資金管理的研究 格雷格 托馬斯 M克魯格 .威斯康星大學(xué)拉克羅斯 摘 要 : 企業(yè)能夠降低融資成本或者盡量減少綁定在流動(dòng)資產(chǎn)上的成立基金數(shù)額來用于擴(kuò)大現(xiàn)有的資金。 導(dǎo) 言 高效率的營(yíng)運(yùn)資金管理的重要性是不容置疑的。企業(yè)能夠降低融資成本或增加通過最小化綁定在流動(dòng)資產(chǎn)上的成立基金數(shù)額的資金用于擴(kuò)大現(xiàn)有。這就是經(jīng)常受到重視的六西格瑪方法的應(yīng)用。似乎有許多成功的事例，包括珍妮湯的（ 2021）的關(guān)于銷售天數(shù)減少了百分之十五的優(yōu)秀的銷售報(bào)告。 即使在一個(gè)業(yè)務(wù)中使用 .六西格瑪方法論的 “最佳 ”的營(yíng)運(yùn)資金管理需要被確認(rèn) 即使在一個(gè)業(yè)務(wù)中使用，六西格瑪方法論的 “最佳 ”的營(yíng)運(yùn)資金管理需要被確認(rèn)。幸運(yùn)的是，這些問題是可 6 測(cè)試的并被首席財(cái)務(wù)官雜 志所發(fā)表。一個(gè)研究問題是： “在特殊產(chǎn)業(yè)內(nèi)的企業(yè)一起采用同樣的的營(yíng)運(yùn)資金管理措施就能使其的水平一致嗎？ ”例如，在同一行業(yè)的企業(yè)能夠迅速轉(zhuǎn)化為現(xiàn)金銷售（即有占應(yīng)收水平低）。對(duì)下一步研究方 法進(jìn)行了介紹，包括一些有關(guān)這個(gè)一年一度的營(yíng)運(yùn)資金管理及財(cái)務(wù)官雜志公布的調(diào)查。當(dāng)時(shí)的小波格蘭特的全國(guó)連鎖百貨公司相繼破產(chǎn)，應(yīng)該是因?yàn)楣窘?jīng)營(yíng)了最后 10年里經(jīng)營(yíng)里有 8年的經(jīng)營(yíng)赤字，這早就作為一個(gè)世界 500強(qiáng)的財(cái)務(wù)管理實(shí)踐研究的一部分。 優(yōu)化貿(mào)易信貸限額理論是多年來自許多文章的主題（例如，施瓦茨 1974年，謝爾 1996年）注重實(shí)際的應(yīng)收賬款的管理。薩爾托里斯和弗格森（ 1984年）發(fā) 現(xiàn)方式付款日期的不同的定義。但是，這些模型都是通用的模型并沒有考慮獨(dú)特的企業(yè)或行業(yè)的影響。 “如果商家提供了一個(gè)內(nèi)部的信用卡 ”。最相關(guān)的文章是衛(wèi)瑟和布拉德利的 (2021)現(xiàn)金流量管理和庫(kù)存管理作為一種有效的供應(yīng)鏈管理的途徑 (2021)。原來的調(diào)查報(bào)告的營(yíng)運(yùn)資金運(yùn)用數(shù)據(jù)的上市公司的標(biāo)準(zhǔn)為 1996年。 “日營(yíng)運(yùn)資金 ”代表一個(gè)時(shí)期購(gòu)買存貨從供應(yīng)商到銷售給客戶之間收集的應(yīng)收賬款、付款收據(jù)。 研究發(fā)現(xiàn) 年平均周轉(zhuǎn)和管理績(jī)效 營(yíng)運(yùn)資金管理部分的定義和整個(gè) 96年至 00年期間的平均值。日營(yíng)運(yùn)資金（ DWC）作為應(yīng)收款和庫(kù)存較少除以每日銷售的應(yīng)付款項(xiàng)，平均 （ ）。至少
范文總結(jié)相關(guān)推薦
鄂ICP備17016276號(hào)-1