| The enterprise groups can effectively integrate resources, play a synergistic effects,reduce the cost and bring up the competitive advantage. However, as a result of governmentintervention and systemic system, the enterprise groups of our country,especially the state-owned enterprise groups, are short of operating experience. In the background of those, howto allocate the financial rights and how to improve financial-right allocating efficiency aremore and more important. To enterprise group, it should pay attention to allocate the financialrights not only in the internal of parent and subsidiary companies, but also between on theparent and subsidiary companies. Relative to the common companies, financial-rightallocation of the enterprise group is more complex.This thesis, comprehensively using enterprise group theory, financial rights theory andfinancial-right allocation theory, building on the core of financial rights allocation betweenparent and subsidiary companies, and combining the financial-right allocation of Xintiandigroup. Firstly, based on the documents review and theory analysis, the thesis research on thevertical financial-right allocation. Secondly, this thesis expounds the contents of financial-right allocation and points out financial rights including important financial-right allocation,common financial-right allocation and usual financial-right allocation. Meanwhile, the thesisanalyses the financial-right allocation mode and the factors how to affect on the enterpriseselecting modes. Finally, the thesis analyses the situation of financial-right allocation ofXintiandi group and points out Xintiandi group should adopt comprehensive financial-rightallocation mode according to the different business. In the same time, the thesis gives a advisehow to run the comprehensive financial-right allocation mode and points out what benefitscan bring on if Xintiandi group adopts the comprehensive financial-right allocation mode. |
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