Research on Evaluation of Operation Management Efficiency of Listed Companies in China’s Financial Trust Industry Based on SFA Model

Author(s):  
Qu Yi ◽  
Zhong Shen ◽  
Du Lei
2018 ◽  
Vol 10 (12) ◽  
pp. 135
Author(s):  
Sathyamoorthi C. R. ◽  
Christian J. Mbekomize ◽  
Mogotsinyana Mapharing ◽  
Popo Selinkie

The paper presents the findings of the analysis of the impact of corporate governance mechanisms on working capital management efficiency in the listed companies of the Consumer service sector in Botswana. Eight corporate governance elements and seven working capital components were extracted from the annual reports of a sample of six companies for the period 2012 to 2017 for the analysis. Thirty six observations were obtained. Pearson correlations were executed to determine the relationship between corporate governance elements and working capital components. OLS regression analysis was performed to establish the explaining power of the combination of corporate governance elements on each of the working capital components. The correlation analysis shows that number of non-executive directors has a significant negative but moderate relationship with cash conversion cycle and number of board subcommittees has significant positive but moderate relationship with Debt ratio. The regression results suggest that corporate governance mechanisms have a significant impact on working capital management, the highest impact being reflected on inventory conversion period. The implications of these findings are that boards of directors have a significant role to play in working capital management efficiency of the companies they govern. They should therefore continue providing attainable policies on working capital management and remain vigilant on demanding feedback on their implementations.


2013 ◽  
Vol 333-335 ◽  
pp. 1265-1268
Author(s):  
Mu Li ◽  
Jia Jie Wang ◽  
Wen Qiao ◽  
Hao Tian Zheng

The evaluation for comprehensive performance of electric power listed companies generally exist some subjectivity and one-sidedness unavoidably. On the basis of the characteristics of complexity and the uncertainty of optimal evaluation on comprehensive performance of electric power listed companies, grey relational analysis model in evaluation on comprehensive performance of electric power listed companies has been put forward in this paper. Application model and procedures of the grey relational analysis method are introduced. According to the degree how close it is with the ideal dot, the optimal evaluation result is easy to be obtained. This method is convenient, quantitative, and strict. It provided a new method and a possible new way for evaluation of comprehensive performance of electric power listed companies.


2021 ◽  
Vol 251 ◽  
pp. 01095
Author(s):  
Hong Liu ◽  
Ji Xuan Pan ◽  
Han Qing Yuan ◽  
Hui Ling Li ◽  
Jing Wang ◽  
...  

Power companies are mainly capital-intensive companies, and the efficiency of working capital management has a profound impact on the sustainability and stability of the development of power companies. This paper uses the DEA-CCR method to measure the working capital management efficiency of listed Chinese power companies from 2014 to 2019, and uses the Tobit regression method to analyze the factors that affect the working capital management efficiency. The results show: (1) The overall efficiency of working capital management of listed Chinese power companies is low, and there is still much room for improvement. (2) Decomposition of comprehensive technical efficiency results in pure technical efficiency and scale efficiency, both of which have an important impact on the overall working capital management efficiency of listed Chinese power companies. (3) Among listed electric power companies, the overall working capital management efficiency of central enterprises is lower than that of non-central enterprises. In response to the above conclusions, this article proposes measures such as reforming the working capital management system, optimizing the profitability of core businesses, and improving supply chain capital management to improve the working capital management efficiency of listed electric power companies.


2016 ◽  
Vol 19 (2) ◽  
pp. 281
Author(s):  
Shalahuddin Haikal

<p class="WW-Default"><em>Current assets and current liabilities relation is one of the</em><em> </em><em>traditional topics of financial management. Through algebra</em><em> </em><em>operations, both relations acquired current ratio and net working capital which became a postulate, called the rule of thumbs:</em><em> </em><em>current ratio must be greater than 1, and net working capital</em><em> </em><em>has to be positive. Based on the findings</em><em> </em><em>in two IDX’s listed companies, this paper questioning the</em><em> </em><em>validity of those rule of thumb</em><em>s, based on Operation Management, Financial Market evolution and Corporate Governance. This is not an empirical research, this is </em><em>a</em><em> theorizing effort which forgotten by scholars in the field of business and management.</em><em></em></p>


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