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Research On Synergy Abbility Of Enterprise Group And Its Effect On Credit Risk

Posted on:2014-12-26Degree:MasterType:Thesis
Country:ChinaCandidate:Z Q ChenFull Text:PDF
GTID:2269330401964531Subject:Finance
Abstract/Summary:PDF Full Text Request
Enterprise Group is an important organizational form of contemporary enterprisesin the level of productivity to a higher stage of development, has a pivotal position inthe socio-economic system operation. Due to the large enterprise groups usually controla greater number of member companies, has a very complex and special organizationalstructure, their synergistic ability to become an important determinant of deciding winin the competition, a direct impact on the efficient allocation of internal resources, andultimately achieve the goal of maximizing its economic profit.Enterprise Group plays a vital role for the country’s economy, can promote theadjustment of industrial structure, improvement of economic efficiency, can play animportant role in the process of internationalization of the industry, the growth of largeenterprise groups can improve industrial competitiveness and economic level. Theresearch on enterprise groups has been the hot spot of the academic and businessresearch and discussion. Enterprise Group Enterprise Group study, synergies issue hasalways been the concern of the theorists. Enterprise Group synergy from a practicalpoint of view, the problem has been plagued managers. With the growing importance ofthe theorists with the business community on this issue, the enterprise group more andmore frequently engaged in practical activities to create synergy. Therefore, theevaluation of the degree of realization of the establishment of synergies mechanismbecomes a shoe problem to be solved.The contents of this paper are as follows:First, the use of collaborative learning theories and ideas to analyze the mechanismof Enterprise Group synergy, divided enterprise groups within the subsystems, and thevarious subsystems of the order parameter analysis. The use of collaborative learningtheory analysis of collaborative credit risk of enterprise groups, to determine in the faceof the impact of Enterprise Group internal sequence parameters amount, theestablishment of synergistic impact factor equation, application causative eliminationprinciple, the final order parameter to say enterprise groups collaborative effect.Second, the combination of theoretical and empirical results to select the appropriate measure of enterprise group collaboration coefficient method. In general,the collaborative measurement method can be roughly divided into two categories. Oneis a direct method to measure the strength and behavior associated specific companieswithin the Group unit behavior convergence; second is the indirect method, expertjudgment, the questionnaire to examine the judge Enterprise Group’s overall synergies.These articles select the indirect method to judge the enterprise groups synergies,establish a suitable evaluation index system of enterprise group synergies, givenindicators together weight.Third, based on the complex network theory and multi-agent modeling method,constructor Enterprise Group collaborative mechanism model and auxiliary simulationexperiment, explore Enterprise Group synergy of corporate credit risk. As mentionedearlier, collaborative, both may be exogenous, it may be endogenous. This articlefocuses on the endogenous collaborative research, and the mechanism for this type ofcollaborative modeling. Consider the impact of the collaborative indicators of theimpact of enterprise groups of different parameters on the credit risk of the enterprisegroup.Fourth, there are risk come from synergistic phenomena in the enterprise group.The synergistic phenomenon value of research enterprise group is to explore thesynergies of the Enterprise Group Alienation and credit risk prevention, and gives thethe management synergies alienation countermeasures.
Keywords/Search Tags:Enterprise Group, Synergy Abbility, Synergy Effect, Credit Risk, Simulation
PDF Full Text Request
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