The Study Of Finance Control On Enterprise Group

Since metaphase and anaphase in the 1990's, enterprise groups' M&A are frequent in the domestic and international economic lives. Lots of them are astounding incipiently, but not sound operation after 3 or 5 years, just short-term refulgence. For example China monkey king group in YiChang city, China light-ride group in JiNan city, china ZhengBarWen group in ZhengZhou city etc. Besides some factors such as the mistake of strategy decision, the inappropriate management etc, a widespread reason is authority deconcentration and finance management confusion which cause the subsidiary to lose control.According to the above phenomena, we aim firstly at the characteristic analysis on enterprise group and concrete characteristics on finance control of enterprise group in this thesis. Then we analyze some problems on finance management of Chinese enterprise group such as the system of finance management, the excessive liabilities, the unbalance of capital construction, and the function ambiguity of finance accountancy and lacking valid finance supervision and control. We also discuss theoretically finance control from the entrust-act theory and the enterprise valuation theory etc. Finally we sum theoretically up three kinds of control modes including decentralization, centralization and disperse management under concentration guide.Although finance control of enterprise group management has an important role on enterprise group management control, after all the finance management is just part rather than the whole. If only talking the finance control, we will sink dilemma. From the bankruptcy case about monkey king group, we elaborate several problems on enterprise group from the management strategy, for these problems on enterprise group finance control must be resolved firstly. These problems include the diversification and profession of the business, the procedure and elasticity of decision, the intemality and marketability of check etc. After foregoing theory studies and case analysis, we summarize countermeasures and proposals concerning our enterprise groups' finance control in the chapter 7, this is the core part.The writer puts foreword some viewpoints like the building of whole finance manage system and the system of independent finance director. The whole finance management is opposite to unilateral finance management. Its content is divided into five greatest systems including the whole budget management system, supervise and control system of finance early warning etc. They constitute the whole system frame of the whole finance management system on enterprise group. The so-called system of independent finance director is on the foundation of the current finance director system. It redesigns the organize structure, reallocates legal power of the responsibility and redefines both correlation, and makes a series of system arrangement for enhancing finance inspection on enterprise group and emphasizing the independence of finance director.The three-D model of finance control on the enterprise group is brought up finally in this thesis.