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Study On Enterprise Finance Governance Based On Risk Controlling

Posted on:2008-05-15Degree:MasterType:Thesis
Country:ChinaCandidate:F M DuanFull Text:PDF
GTID:2189360215988183Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
Finance governance is the arranging of finance right and contract. It decides thestakeholders' right, responsibility and profit, to keep each other with bounds. Thenature of finance governance structure is a special contract of finance controllingright and fund sharing right on the base of corporate governance.The main body of finance governance is organization, person and juridicalperson who have ability, qualification and willingness to participate corporatefinancial actions. The finance object is finance right, which is showed as allocatingright owned by main body, included fund raising right, investing right, capitalreclaiming right, income distribution right, decision right, etc.Finance governance mechanism can be summed into decision mechanism,incentive mechanism, supervise mechanism. Decision mechanism is the core offinance governance, and its result and efficiency is guaranteed by effective incentivemechanism and supervise mechanism.The enterprise faces the finance risk in finance governance. Finance risk iscentralized monetize appearance of the enterprise risk, a kind of compounded riskconcept. It has special status among enterprise development, but it's difficult to graspthe forming, scoping and deepness of risk. Forms of finance risk mainly include fundraising risk, investing risk, capital reclaiming risk, income distribution risk, etc.Financial risk can be estimated by nature determined model and quantity model.Based on the date of the listed company, this paper analysis how financegovernance is influenced by the risk controlling, and proves the importance to build aperfect risk controlling mechanism. Then based on decision mechanism, supervisemechanism, incentive mechanism, this paper builds a finance governance structurebased on risk controlling, provided a new method to understand the enterprise financegovernance, and it's useful for the experience of finance governance.
Keywords/Search Tags:finance governance, finance risk, finance governance structure
PDF Full Text Request
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