Evaluation System of Short-term Liquidity in Listed Companies Based on Strategic Financial Management Theory

摘要：

Nowadays, modern enterprises pursue shareholder wealth maximization as their final goal. To achieve the goal, every enterprise should have secure financial situation firstly, especially ensure that the funding liquidity is smooth and the short-term debt paying ability is well. So the evaluation of short-term liquidity is very important for companies. But the traditional indexes have many limitations. Therefore, this paper analyzed these limitations and then put forward a new idea to evaluate short-term liquidity from strategic financial management theory. The new evaluation system contained two parts, basic indexes and subsidiary indexes. Basic indexes are used to evaluate current short-term liquidity and subsidiary indexes to forecast the future short-term liquidity in company. The two kinds of indexes combine with each other to evaluate companies’ short-term liquidity entirely and accurately.

作者: WANG Fu-sheng SONG Hai-xu

作者单位: Department of Accounting Harbin Institute of Technology Harbin, China

会议类型: 国际会议

会议名称: 4th Conference on System Science,Management Science & System Dynamics(第四届系统科学、管理科学&系统动力学国际会议)

会议地点: 上海

会议语种:英文

页码: 359-364

在线出版日期: 2010-12-10（万方平台首次上网日期，不代表论文的发表时间）