企业集团财务协同治理研究

发布时间：2018-03-05 17:48

本文选题：企业集团　切入点：财务协同　出处：《武汉理工大学》2013年博士论文　论文类型：学位论文

【摘要】：企业集团是由多个企业或者组织通过有机的经济联结而形成的多法人联合体,是一个国家企业竞争力的集中表现。改革开放以来,一大批拥有自主知识产权、知名品牌和国际竞争力的企业集团迅速成长起来,成为国民经济的脊梁。然而,由于企业集团组织形式的复杂性和多样性,其财务协同治理问题成为一个重大而迫在眉睫的现实问题。近年来国内外学者围绕企业集团财务协同发展动因、机制及影响等方面开展了大量的研究,然而现有研究尚未有效解决传统企业集团财务治理理论与系统学的融合问题,且其研究视角缺乏动态性和应用导向性,因而难以有效阐释企业集团财务协同治理的深层次问题。基于此,本文在借鉴现有研究成果的基础上,综合运用经济学、管理学和系统科学的相关理论,采用文献研究、问卷调查、实证分析与理论推理等研究方法,力图解决企业集团财务协同两个关键问题：一是揭示企业集团财务协同治理的内在机理和模式构建问题；二是企业集团财务协同治理效应的评价与优化问题。围绕上述研究目标,本文重点开展了四个方面的研究内容： (1)企业集团财务协同治理的机理分析。从企业集团财务协同治理的内涵入手,依据协同关系的动态发展变化特征,构建了由形成机理、运行机理和动态博弈机理构成的协同框架体系,并运用序参量方程模型、种群生态学思想和博弈理论对企业财务协同治理机理进行分析。 (2)企业集团财务三维协同治理的模式。在分析传统财务治理模式缺陷的基础上,运用系统学原理,从财务战略协同维度、财务资源协同维度和财务利益协同维度构建了三维协同治理模式,并对财务战略协同、财务资源协同和财务利益协同三个了系统的构成及其相互作用机理进行了分析。 (3)企业集团财务三维协同治理效应测评体系与方法构造。在参考现有文献及实地调研的基础上,构造企业集团财务三维协同治理效应测评体系,即财务战略协同、务资源协同和财务利益协同三个维度,并对指标层包含的10个指标的内涵及其量化方法进行说明。考虑企业集团财务协同评价指标包含专家主观评价,因此运用未确知测度理论建立了企业集团三维财务协同治理效应未确知评价模型,实现对20家样本企业财务协同三个维度的协同效应以及整体协同效应的评价。 (4)企业集团财务三维协同治理的路径分析。结合企业财务三维协同治理效应评价实证分析结论,提出企业集团财务协同效应优化路径,主要包括以企业集团财务环境适应能力协同治理路径、企业集团财务资源配置能力协同治理路径、企业集团财务利益协调能力协同治理路径,并对实现途径的具体策略进行了分析。通过本文研究发现：第一,企业集团财务协同是一个动态的变化过程,其变化过程依次经历财务协同形成阶段、财务协同运行阶段和财务协同动态博弈三个阶段；第二,企业集团财务协同治理要素构成一个完整的大系统,其具体包含企业财务战略协同子系统、企业财务资源协同子系统和企业财务利益协同子系统,且三个子系统既相互影响、相互制衡；第三,从理论与实证结果表明,企业集团财务协同治理效应评价体系包含财务战略协同、财务资源协同和财务利益协同三个维度,且该评价体系具有可靠性；第四,当前企业集团财务协同治理效应整体水平较低,主要是由于企业财务资源协同能力不足所导致。因此,要提升企业集团财务协同治理效应,首先要着力提高企业财务资源协同能力,其次增加企业财务利益协同能力,再次改善企业财务战略协同能力。上述研究发现一方面丰富、拓展了当前该领域研究的理论基础,另一方面对当前企业集团财务协同治理的实践提供了决策依据。
[Abstract]:Enterprise group is a multi corporate consortium formed by a number of enterprises or organizations through the organic Economic Association, is a concentrated expression of the national competitiveness of enterprises. Since the reform and opening up, a large number of well-known brands with independent intellectual property rights, and the international competitiveness of enterprises rapidly grow up and become the backbone of the national economy. However, because of complexity the organization form and diversity, the financial cooperative governance has become an important and imminent problem.
In recent years, domestic and foreign scholars on the financial cooperative development, carry out a lot of research on mechanism and influence, however, the existing research has not yet effectively solve the problem of integration of the traditional enterprise financial governance theory and system, and the research perspective is lack of dynamic and application oriented, so it is difficult to effectively explain the financial cooperative governance level based on this problem. In this paper, on the basis of the existing research results, comprehensive use of economics, management science and system science, using literature research, questionnaire survey, empirical analysis and theoretical reasoning and other research methods, tries to solve two key problems of collaborative Finance: the first is to reveal the inherent mechanism and mode of financial cooperation the construction of governance problems; two is the evaluation and optimization of collaborative governance effect of financial problems.
Around the above research goals, this paper focuses on four aspects:
(1) analysis of governance mechanism of cooperative finance. Starting from the financial cooperative governance connotation, based on the dynamic change characteristics of collaborative relationship, constructed by the formation mechanism, operation mechanism and system framework of collaborative dynamic game mechanism, and using the order parameter equation model, population ecology idea and game theory to analyze Cooperative Governance the mechanism of corporate finance.
(2) financial 3D collaborative governance model. Based on the analysis of the traditional financial management mode defects, using the principle of system science, from financial strategy cooperative dimension, synergy dimension to build the three-dimensional model of collaborative governance collaborative dimension and financial interests of financial resources, and coordination of financial strategy, analyzes the three cooperative system the formation and interaction mechanism of financial resource synergy and financial interests.
(3) financial 3D collaborative governance effect evaluation system and method of structure. Based on the existing literature and field investigation on the financial structure of 3D collaborative governance effect evaluation system, namely financial strategy cooperative, collaborative service resources and financial interests with the three dimensions, the connotation of 10 indicators and contains the index layer and quantitative methods are described. Considering the financial cooperative evaluation index contains subjective evaluation experts, the use of unascertained 3D Group Financial Cooperative Governance Effect of the unascertained measure theory to establish evaluation model, realize the three dimensions of collaborative synergies and the whole effect of the evaluation of the 20 enterprises finance.
(4) the enterprise financial governance path. 3D collaborative analysis with 3D collaborative enterprise financial governance effect evaluation conclusion of the empirical analysis, put forward the enterprise financial synergy optimization path, including the financial ability to adapt to the environment of collaborative governance path, enterprise group financial resources allocation ability of collaborative governance path, enterprise financial interests coordination collaborative governance path. And the specific strategies of realization are analyzed.
This study found that: first, financial cooperative is a dynamic process, the change process of experienced financial cooperative formation stage, operation stage of financial synergy and financial synergy dynamic game in three stages; second, the enterprise financial cooperative governance to form a complete system, which includes enterprise financial strategic synergy the subsystem, the financial resources of the enterprise collaboration subsystem and enterprise financial interests coordination subsystem, three subsystems and mutual influence, mutual checks and balances; third, that from the theoretical and empirical results, enterprise group financial cooperative governance effect evaluation system includes financial strategic synergy, financial synergy and financial synergy resources interests in three dimensions, and the the evaluation system is reliable; fourth, the current financial cooperative governance effect the overall level is low, mainly due to financial resources As a result of inadequate coordination ability. Therefore, to enhance the financial cooperative governance effect, we must first focus on improving enterprise financial resource cooperative ability, then increase the enterprise financial interests coordination ability, improve enterprise financial strategy cooperative ability again. The study found a rich, expand the theoretical basis of the study in this field, on the other hand to provide on the basis of the current practice of enterprise financial decision-making. Collaborative governance

【学位授予单位】：武汉理工大学
【学位级别】：博士
【学位授予年份】：2013
【分类号】：F275;F276.4

【参考文献】