| Being a pillar industry of the national economy, the textile industry receives attention not onlyfrom our Country but also from all stakeholders of the textile industry because it is facing a series ofproblems such as decrease of consumer demand of the whole world caused by the global economiccrisis, devaluation of the RMB, rising labor costs, cotton prices upside down and high cost andmore difficulties of financing. How to evaluate the financial situation of the textile industryaccurately is one of the most important problems related to their scientific and reasonable decisionsfor stakeholders in textile enterprises. There is no dedicated financial comprehensive evaluationsystem in China’s textile industry at present. China Textile Industry Association has its own creditevaluation system including evaluation of the financial situation of the enterprise, but the specificcontent of the system is not released to the outside world. The most authoritative financialevaluation system of the enterprise performance for the textile industry is《Enterprise performanceevaluation operating rules (Amendment)》until now. It is suitable for the normal operation of theState-owned industrial and commercial enterprises, other non-State-owned enterprises can alsoreference. But some shortcomings of this rule lead it cannot afford the function of evaluating thefinancial situation of the textile industry accurately. First of all, the evaluation system is establishedfacing all industries, so it will not reflect the characteristics of the textile industry; secondly, theevaluation system covers all stakeholders, without taking into account the choice of selection andjudge of the importance of the indicators; thirdly, the rule category is not comprehensive enough,lacking the reflection cash current capacity ability; the fourth aspect, some indicators lackrepresentation and contain some certain of information redundancy; finally, setting weights ofindicators subjectively will affect the reliability.The purpose of this paper is to optimization the comprehensive financial evaluation systemaccording to the shortcomings, and for the creditors to evaluate the principal, more focused textileindustry characteristics, of index system on more comprehensive and representative, index weightsetting more rational and comprehensive financial evaluation system of the textile industry.In this paper, the textile industry comprehensive financial evaluation system optimizationfirstly optimized conception, consists of two parts: the textile industry financial comprehensiveevaluation index system of optimization index comprehensive financial evaluation system ofconception and the textile industry weighted idea. In the first part, first of all to often use financial evaluation system and academic research in the existing index, establish the basic framework ofcomprehensive evaluation index system of finance; Then using the correlation principle, bycalculating the correlation coefficient between the same category of indicators, combined with thecharacteristics of textile industry and the creditors as the need of the evaluation system, indexscreening, complete the further optimization of the comprehensive financial evaluation indexsystem. In the second part, based on analysis of subjective and objective weighting method on thecharacteristics, decided to adopt the combination weighting method to determine the index weight.Combination subjective weighting method was used to empower the AHP and objective weightingmethod of variation coefficient method. After the optimization idea, this paper selects the textileindustry21listing Corporation as a sample, the comprehensive financial evaluation systemoptimization concept applied to textile industry listing Corporation, and comprehensive ranking21listing Corporation.The research of this paper is on the financial evaluation of a system optimization is activelytrying to, although there are some shortcomings, but after the optimization of comprehensivefinancial evaluation system of textile industry, the overall real and accurate evaluation of textileindustry’s financial status, has the vital significance to make reasonable decision; but also enrich thetheory and Practice Research on the direction of financial evaluation system. |
PDF Full Text Request