Research On The Cash Using Efficiency Of Agricultural Listed Corporations

As the guide of agriculture market economy industry,the cash use efficiency of Agricultural Listed Corporations, is on behalf of the characteristics of the whole industry to some extent.Coordinating the contradiction between strongest ability of liquidity and the weakest ability of profit, solving the problem of “risk-development” of cash keeping,promoting the maximization of cash use efficiency in a reasonable way,is an inevitable proposition of every Agricultural Listed Corporation.Cash use efficiency is a characteristic to examine agricultural management main bodies’ financial running effect and can have an important influence of the cultivating of agricultural management main bodies.the improvement of Agricultural Listed Corporations’ cash use efficiency will have a demonstrated effect to promote the technical and economic efficiency of the whole industry.Input and output efficiency of corporations’ cash is a technical selective issue between sustainable development and risk response. Choose the time section data of agricultural Listing Corporation of ten years as samples to analyze this issue. Principal component analysis method was conducted to reduce the dimension of index before the DEA analysis.Multiple linear regression model was established to draw conclusions on the mechanism of the interact impact between cash use efficiency and financial indicators after DEA analysis.Two function measurement model was established to verificate the law of diminishing returns between input factors and production efficiency after the multiple linear regression model analysis.Through the above analysis,the return to scale of Agricultural Listed Corporations is in the state of no changing or increasing, scale factor is the main influence factor of agricultural Listing Corporations’ cash input and output comprehensive efficiency level; the law of diminishing returns exist between cash input factors and production efficiency to a certain extent. To improve the cash use efficiency, the establish of financial early warning mechanism and monetary capital allocation system, the improvement of cash using potential and cash input size, are all reasonable suggestions for Agricultural Listed Corporations.