Study On Mechanism Of Financial Management For State-owned Enterprises

Since the 1970s,the introduction of stakeholder theory had been a tendency in the field of finance.Chinese scholars made a great deal of exploratory research on the theory of stakeholders and financial problems,which are mainly from the financial point of view of governance,that is,from the theory of property and its allocation,to explore the operational problems on the issue of the structure and governance of the financial mechanism.In the process of China state-owned enterprise reform and governance of listed companies,there have been a series of unique,complex and financial problems difficult to resolve,which leads to an urgent need of bold innovation theory for financial field.So,on the basis of research results from the West,we should create Chinese characteristics financial theory to adapt to and to guide China's financial work effetely in practice.Now,the theory of financial management mechanism comes into being and improves continuously.It is adapted to the theory and practice aspects of the development of the practical requirements.So,it is coming rapidly into the emerging field of theoretical research.In this paper,the stakeholder theory and the property rights theory are used comprehensively;the main study is about property rights which are allocated to different main.By analyzing the basic theory on the allocation of financial management,Motivation,Supervision,the author seeks to establish a relatively complete financial governance mechanism framework for research,expecting to solve complex problems of the listed companies in China's financial management.In China,State-owned enterprises " only one biggest stock" deformity of the ownership structure has led to serious internal control and less management incentive compensation,which results to general weakening of the financial governance in these companies.This article discusses these issues,and analyzes the capital structure of State-owned enterprises,then puts forward the optimization of State-owned enterprises ownership structure,so as to achieve the financial management mechanism optimization.