The Financial Synergy Effect Evaluation Of The Industrial Cluster

Industrial cluster is the successful model of world economic development under the background of globalization. In the early 1990 s, the bud of industrial cluster first appeared in coastal provinces such as Jiangsu, Zhejiang and Guangdong, and they rapid develop to the "Pearl River Delta", "Yangtze River Delta", "Bohai Rim" and some develop faster provinces in the midwest, which achieved good development performance.Industrial cluster is the power of regional economic growth, the competitiveness of industrial cluster is the result of the synergistic effect. In the whole production and business operation of industrial cluster, the good or bad of financial performance plays an extremely important role. Therefore, the development of industrial cluster has to give full play to its financial synergies, reduce costs, enhance the ability to resist risk and improve the comprehensive competitiveness of industrial cluster. Textile industry as the beginning of the industrial revolution, China's textile industry cluster has now begun to take shape. The effect is becoming more and more important in promoting the regional economy, so to evaluate financial synergy effect of textile industry cluster is beneficial to promote the formation of the textile industry cluster, promote the upgrading of textile industry cluster and it has great significance to promote the competitiveness of the textile enterprises.This article adopts the theoretical research and empirical analysis. First of all, the paper explains the related industrial cluster theory, and the industrial cluster theory includes the agricultural location theory, the labour division theory, the industrial location theory, the transaction cost theory, the new economic geography theory and so on; The financial synergy includes the synergy theory, the efficiency theory and the economies of scale theory. Then the paper explains the concept of industry cluster financial synergy and the financial synergy's performance in industrial clusters. Secondly, the paper analyze the current situation of the textile industry cluster in our country, ensure sample and evaluation method. Finally, the paper enter into the empirical research. With correlation analysis,regression analysis and factor analysis, the paper ensures financial index and establishes the evaluation index system. Then the paper uses catastrophe progression method toanalyze the financial synergy effect of textile industrial cluster. The result show that more than 80% of the company's financial synergy effect is good, less than 20% of the company's financial synergy effect is poor, also the result shows that textile industry cluster of listed company in our country realize the positive financial synergies nearly three years,and the overall situation is good, but every company has its shortcoming. According to the results, the paper make suggestions on government, society and enterprises. The goal aims at that member enterprises of the textile industrial cluster can make better use of financial synergy and make suitable financial strategies. 5 figures, 28 tables, 55 references...