Research On Financial Management & Control And Effect Of Group Company

Enterprise group has become an important organization form of modern enterprise, and the chain of property right relationship is more and more complex, so the group internal management especially the financial management problems, has become the main bottleneck of the development of the enterprise group company. Modern enterprise must make full use of the capital market, currency market to obtain financial resources, and then invest in the industrial entities to gain a competitive advantage in the commodities market. Gold industrial chain has trends such as extension, clustering and financialization. The future production and resources expects to be further concentrated, and it requires adequate financial support. Financial attributes of gold will be more fully tapped. Gold industry group needs the financial means to complete the centralization and consolidation of mineral resources.It requires the help of financial markets to reveal the financial attributes of gold.It becomes more and more important that enterprise group especially the gold industry group efficiently operate and allocate financial resources to provide support for the development of the group.On the basis of the combing of financial management and control theories combined with enterprise group financial management & control development history and current situation, normative research is made from aspects of capital management and control, financing management and control, capital operation control, financial investment management and control.Then the empirical study is conducted. First, the relationship between the shareholding ratio of the target corporation on its financial companies and enterprise performance has carried on the empirical research. The empirical results show that, in the 10% level of significance, mining listing corporation shareholding ratio in financial companies is in the positive correlation with the firm performance.Morever, factor analysis method is used to make an empirical study of SDGOLD Group’s financial management and control in enhancing value creation capacity. After the implementation of financial management and control, the ability to create value raised, in particular the scale of resources indicators and growth capability. The Economic Value Added indicator of SDGOLD Group’s ability to create value for the longitudinal comparative analysis results show that, SDGOLD Group EVA 2012 compared to 2008 increased dramatically. Fuzzy comprehensive evaluation method is conducted to evaluate SDGOLD Group’s financial risk.Although SDGOLD Group’s cash flow generated from own business activities can not meet the demand of resource expansion and construction projects, the Group’s financial risks are still controlled at the general level.The research result shows that financial management and control plays a prominen role in adjusting capital structure, and reducing financial risk previews.