Building Corporate Finance Strategic Management Research

After our country joins WTO, construction industry developed rapidly and already became our country's prop industry. However, compares the disparity with the major international construction enterprises, the competitive ability of our country's is weak. The concrete manifestation is the owner's behavior that does not conforms to standards, legal laws and regulations, industrial structure is unreasonable, the core ability of contractors is insufficient, and excessive completive phenomenon exists broadly. Because of the imperfect capital market, the financing channels impeded at present and the more cost of financing. In the face of many international large-scale construction enterprise invest in our country, construction industry faces a more sternly situation. Under the background, it is essential that forward-looking enact enterprises financial strategy according to international science management theory should apply to enterprise's activities. It's a new topic that apply the financial strategy management theory is used in the modern construction enterprise financial management. This article selects the construction enterprises as the object of study in financial strategy management, trying to make a new attempt.First, the main endeavor of this article carries on systematically summarization financial strategy management theory, then analyze the inside and outside and the Construction Industry environment of construction enterprise's financial strategy, on this basis, using the methods of management science and the economic, the strategic management and the financial management, According to the characteristics of Construction Industry that the construction enterprise resist in to propose the main points of financial strategy management, to solve the problems that exist in domestic construction enterprise finance strategy management research system, which are insufficient consummation, not clear goals about the orienting function insufficiency, the implementation method feasibility not-strong and more.According to the changing environments of finance in the future, this article propose some suggestions for Construction enterprises from the strategy financial management angle. In the investment domain, it will be supposed vigorously to develop construction enterprise's major services; add the integration management the investment strategy; pay equal attention to the specialization and the multiplication. In the correlation core competitive ability industry multiplication, optimize resources disposition, enhances the transport efficiency of assets. In some construction projects that has high profits and specialized domain request corresponding construction enterprises have the special superiority and ability, we must strengthen the specialized investment strategy to form product variation. In the financing domain, selects the financing channels reasonably, pays great attention to unify internal fund and exterior fund, reduces the financing cost, pays more attention to debt financing, determines the reasonable capital structure, controls the risk of debt, and establishes the debt redemption safeguards. In the dividend assignment aspect, adopts diversely, the flexible assignment way policy to strengthen investor's confidence. Finally, this article has provided some feasible suggestion on the construction enterprise's financial strategy implementation.