Enterprise Groups, Centralized Management Of Funds Exploration And Research

Recently, with the development of enterprise groups and the establishment of parent-subsidiary system, the centralized management of enterprise groups has been widely accepted by entities as effective and necessary measures to meet the group's integrated operation of capital resources. With intensive use of financial resources as the basic goal of centralized management of funds, you can effectively meet production and management activities on the optimal allocation of resources needs, while maximizing the combined advantages of the group of financial resources and achieve lower management costs and improve decision-making efficiency to prevent the risks associated with the multiple management purposes. As a result, it has a very important realistic sense that review and analyze international and domestic capital centralized management of enterprise groups, to study and learn from their successful experience, and explore and perfect management system. This dissertation attempts to research and discuss the basic framework and the way of implementing of centralized management system by combining theory and practice, macro-analysis and anatomical contrast.This dissertation has five parts:PartⅠ:Introduction.It indicates the background, purpose and meaning, as well as the innovative of this dissertation.PartⅡ:It is the basic theory of group fund management. Firstly, it introduces the meaning, objectives and principles of centralized management of funds. Secondly, it describes the mode of selection of the different corporate governance structure in details, which is prepared for the conclusion on an effective balance between centralization and decentralization.PartⅢ:It mainly emphasizes on the detailed analysis of effect on implementation of centralized management of funds, and summarizes the common mode of centralized management of funds, which are based on the way of centralized management of fund in domestic and foreign enterprises.PartⅣ:First of all, it indicates proposal, process and results of implementation of centralized fund management in G industry group. Secondly, it puts forward the problems in the process of implantation, and provides opinions and suggestions on how to further promote the centralized management of funds in G industry group.PartⅤ:Basic on the analysis of the theory and practice, the author points out there are two aspects that should be focused on the construction of system of centralized management of funds:Firstly, the key of the centralized management of funds is the effective balance between centralization and decentralization; secondly, the premise on effectiveness of centralized fund management is to full respect for conditions; thirdly, centralized management of funds shall be effective to balance the relationship between risks and efficiency; fourthly, centralized management of funds shall be pay attention to make overall plans and take all factors into consideration and to improve efficiency.