A Study On The Enterprises' Mode Selection In Combination Of Industry And Finance

In the condition of economic globalization, the combination of industry and finance is on its way. Many industry companies intend to control financial institutions. Though the combination of industry and finance brings some companies benefits, some others were destroyed by it. Many companies who have intended to go into the financial market were blocked. It is very important to find out whether and how industry should combine with finance.The content of chapter one analysis the study of domestic and foreign literatures, and point that some companies failed in combination of industry and finance because of their wrong choice in the combination of industry and finance. The key to the problem is not whether they should choose combination of industry and finance, but which mode of combination of industry and finance they should select. The second part analysis the meaning and characteristic of the combination of industry and finance and its modes. And then it makes a further analysis to the best choice in combination of industry and finance for companies and sets up an economic model including exchange cost and organizational cost, on the base of the model of IS-LM. Chapter three sets up an index system with 8 indexes for company to choose the best mode of combination of industry and finance. And the relativity among the indexes has been eliminated through the analysis of cluster. The forth part sets up a model of company's best choice in pattern of combination of industry and finance, which is based on the fuzzy comprehensive appraisal and principle component analysis. When distributing weight, it draws the information of all the components by the use of S method. The fifth part makes a choice of the mode of combination of industry and finance for Volkswagens.The main characteristic and innovation of this paper is four aspects. First, it makes a new standard of the differences of modes of combination of industry and finance in a microcosmic light. Second, it sets up an economic model to analysis the factor in company's behaving in combination of industry and finance including exchange cost and organizational cost, on the base of the model of IS-LM. Third, it makes an index system on the basis of cluster analysis. On the bases on preserving most indexes information, if takes use of cluster analysis to delete the relatives among indexes. Forth, it sets up a model on enterprises' mode selection in combination of industry and finance based on fuzzy comprehensive appraisal and principlecomponent analysis, which has solved the problem that the fuzzy appraisal models depend too much on experts blinkered views so that it can made the index weights reflect the modes' contribution to the combination of industry and finance more objectively.