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The Research On Financial Strategy Of Enterprise Using Lever Assorting

Posted on:2008-04-12Degree:MasterType:Thesis
Country:ChinaCandidate:Y D XieFull Text:PDF
GTID:2189360212490363Subject:Accounting
Abstract/Summary:PDF Full Text Request
In the modern economic society of high informatization, technicalization and globalization, the competitive environment, organizational structure, management mode and customers' demands, and many more, are altering tremendously. Business management has already entered the era of strategic management. The traditional financial strategic management system clearly doesn't suit the needs of the competitive environment and business management of the information age. Thus, financial strategic management system must be revolutionized. Therefore, on the basis of digesting and assimilating the achievements of financial strategic management in foreign companies, this paper integrates relevant theories and methods of economics and management, and carries on systematic research on enterprise's financial strategic management system as well.Firstly, this paper chooses the lever assorting as the tool to control risk in financial strategic management system after analyzing foreign and domestic advanced performance measurement theories and methods. Since the lever applied in special theory field, it is impossible for Chinese enterprises to solve the performance measurement problem effectively through mechanically transplanting it into China. In the course of theory transplantation, this paper analyzes the feasibility of the enterprises application of the financial strategic management, and further discusses the basic conditions that are required in the application of financial strategic management.Secondly, this paper revises the basic financial theory. The financial strategic management, including Financing, Investing and distributing three dimensions, financing is the chief problem. In China, it is a serious flaw in evidence for enterprises to ignore the risk when the strategy is carried out because of deficient market economy. Thereby, this paper works out the financing strategy from risk controlling, and introduce the risk controlling tool—Lever assorting. Reducing the risk to work out the proper financing strategy and put into effect.Finally, this paper work out the financing strategy from the business cycle based on enterprises, and brings forward the basic financing strategic system; introduces lever assorting and analyzes the factor, thus work out the financing strategic system; analyzes the financing strategy standard and discusses how appraisal results should be used to adjust financing strategic system. Consequently the financing strategic system is basically built.
Keywords/Search Tags:financing strategy, risk, financing lever, operating lever, lever assorting
PDF Full Text Request
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