Study On Financial Control Of Enterprise Group

The enterprise group, which is the inevitable result of development of market economy, is the symbol of modern enterprises and national industrial power. The financial control has always been the key to the sustainable and healthy development of the enterprise group, especially for the Chinese enterprise groups which grow up in the transient period.The financial control of enterprise group can be defined as: on the basis of stock ownership and Legal person property rights, the group board of directors and the group parent company use the certain means to make the use of financial resources or the cash pasts of enterprise group to serve the goal of value maximization of whole group. The allocation of control power in the enterprise group includes two dimensions. The control power transversely can be divided into decision-making power, supervision power, performance assessment power, rewards and punishment power. Intercoordination of the four types of power guarantees the achievement of control goals. Longitudinally, the allocation of control power can be analyzed from the flow of control power along client-agent chain in the enterprise group. In terms of arrangement of control power, the financial control mode of enterprise group can be divided into direct financial control mode, indirect financial control mode, compound financial control mode. Because most of Chinese enterprise groups are in early stage, the centralized direct control mode is practical choice for Chinese enterprise groups, and the development of network technology also provides technological basis.Financial control methods include budget control, financial personnel controls, the monetary fund control, the financial system control, the financial information control and the audit control. Each method has different effect in different financial control modes, and should be matched to control modes.