Analysis Of Financial Synergy Effect Of Enterprises In Automobile Industry Cluster

As a major industrial aggregation form in various regions,industrial clusters are the inevitable result of the market economy and can actively promote the rapid development of the local economy.According to market research,Chinese six major automobile clusters dominated the competition in the same industry,with output exceeding 80% of national production.In some economically developed regions of China,industrial clusters have become increasingly mature.By cultivating local industrial clusters,local governments have effectively integrated the internal forces and external resources of the local industrial chain and economic environment,and realized optimal allocation of resources,and gained many successful experiences.Promote regional economic development and have a favorable impact on industrial upgrading.The financial synergy of industrial clusters means that enterprises in a cluster promote the mutual cooperation of member companies due to the spatial agglomeration and the sharing of resources,which makes the clusters and member companies mature and bring great benefits,and generate large The high-efficiency and low-cost economies of scale that enterprises have,and the competition and mutual cooperation among enterprises within the group,can enable the enterprises within the group to realize the financial benefits brought by the synergy,and improve the enterprise value and performance level.It has become an indispensable factor in Chinese industrial upgrading and the development of the automotive industry.Researchers have always paid more attention to the research on the advantages of industrial clusters,but the problem of corporate financial synergy in industrial clusters has not received enough attention.The analysis of the financial synergy effect of enterprises in the automobile industry cluster is of great significance to the development of the cluster itself and the enterprises within the group.Enterprises within the cluster should aim at improving the efficiency of enterprises.Enterprises should actively exchange and benefit each other.They should use the internal advantages of industrial clusters to continuously improve financial synergies,avoid operational risks,reduce costs,and achieve win-win results.The purpose of this paper is to analyze the financial synergy effect of Zhongtong Bus after joining the industrial cluster,that is,to bring the financial benefits to the company,to diagnose the existing problems of the financial synergy after the Zhongtong Bus joins the industrial cluster,and to analyze the reasons and give Relevant suggestions,namely,how to make full use of the advantages brought by the industrial cluster to improve the financial synergy,and summarize the enlightenment of this case to other enterprises in the same industry.Based on the research theories of industrial clusters and financial synergies,such as synergy theory,this paper studies the specific performance of financial synergies in automotive industry clusters based on the characteristics of the automotive industry.Secondly,combining the financial synergies of the automobile industry clusters,such as the financing advantages of the enterprises within the group,the reduction of cost and expenses,the improvement of operational efficiency and the preferential policies,the selection of relevant financial indicators constitutes the basis for establishing a model for evaluating financial synergies.Then,using AHP to calculate the weight of financial indicators,establish an evaluation index system.In 2014,Zhongtong Bus joined the automobile industry cluster of Shandong Liaocheng Economic and Technological Development Zone as the time node before and after the cluster,and the financial indicators of Zhongtong Bus into the group for 3 years were entered into the financial synergy evaluation model to verify the financial synergy effect.Evaluate the score and analyze.Secondly,analyze the change of economic value added(EVA)before and after the passenger car joins the industrial cluster,and the overall trend of the financial synergy before and after the Zhongtong Bus joins the industrial cluster,that is,the overall trend of the financial benefits brought by the synergy to the enterprise.Evaluation and analysis,and in the analysis of economic value added,the same industry enterprises that did not get more obvious financial synergy were compared and analyzed.Then,according to the specific performance of financial synergy in the industrial cluster,the paper compares the changes of relevant financial indicators before and after the Zhongtong Bus joins the industrial cluster,and compares it with the Jiangling Motors,which has weak financial synergy,and analyzes the financial synergies of the company.Current status and changes.Finally,based on the evaluation and analysis results,the existing problems of financial synergy after the passenger bus joins the industrial cluster are diagnosed,and the reasons are analyzed.The relevant suggestions are given how the Zhongtong Bus can make full use of the advantages brought by the industrial cluster to improve financial coordination effect.After entering the industrial cluster,Zhongtong Bus has embodied the financial synergy brought by the industrial cluster,improved its financial performance,and obtained financial benefits.Among them,the financing ability,cost and ability,and market competitiveness have been improved.The entry of passenger cars into industrial clusters is conducive to accumulating more capital flows for the company's development,effectively controlling costs and expenses,and increasing sales and market share.However,the company's operational capabilities,innovation capabilities,and tax-saving capabilities have not been significantly improved by the group.The automobile industry is a joint industry integrating multiple industries.Its development is closely related to advanced manufacturing technologies,related supporting industries and solid industrial foundations.It requires requirements for technology,labor,talents,innovation and capital.This paper puts forward suggestions on various issues in view of the problems that arise.If the enterprises within the group want to take advantage of the financial synergies brought by the industrial clusters,the local government and the enterprises themselves must play a role.