Research On Financial Management Models Of Government-propelled Enterprise Group

Competitive ability of enterprise group, especially international competitive ability, had been the critical standard of an economy. To develop national economy, we carried out the strategy of "giant enterprises groups" to develop such groups based on the government. Establishing enterprises groups has been one of the most important aspects of state-owned enterprises reform. Government propelled enterprise group is not a newborn in China. Practical circle has researched the aspect of financial management of these groups, but the achievements are separated and plain. Conclusion on these achievements and deeper researches should be done to find the way of development of these groups.The object of the research is financial management modes of government propelled enterprises groups. The work is done from the aspects of object model, system model and supervisory model. Financial management object, the basement of financial management, is the start point and end-result of structure construction; financial management structure, the frame and leading role of management system, is also the evidence and foundation of system. Supervisory system is an independent one to guarantee the efficiency of the whole system.The ideal of universal to particular, generality to individuality is employed in the article.Management models available are carried out based on the universal research on management object mode, structure mode, and supervisory mode of enterprises groups. Modern equity theory, Principal agency theory and some classical financial management theories are involved in the article. The selection of available model is determined based on the individuality of government propelled enterprises groups. The object of "related interest maximized", structure of "centralization in majority, decentralization in minority" as well as the supervisory modes of appointed by financial supervisor, comprehensive budget and performance exam are selected based on the analyses of such individualities as reason, environment and actuality as well as above work.The theory is demonstrated by the financial management scenario of a government propelled enterprise group-XX group. A set of practical models are selected based on the analysis of actuality, problems and fruit of the article. A set of structures is constructed under the specified model. Some advices and countermeasures are carried out to reinforce the performance of the management model.