Research On The Approaches And Demonstration Of Enterprise Performance-assess Of Group Corporation

The system of parent-subsidiary corporate has already become the most important organizational form of corporate groups. With the constant enlargement of the scale and quantity of corporate groups, how to effectively control and encourage subsidiaries becomes one of the focuses of parent-subsidiary corporation management through performance evaluation. The performance evaluation of parent-subsidiary corporation has its uniqueness, but the traditional studies on firm performance evaluation are mostly based on single company, can't suitable for the development requirement of parent-subsidiary corporation. So that we need to create new performance evaluation system of parent-subsidiary corporation to ensure the effective management and facilitate the development of the subsidiary corporations. The essence of the system of parent-subsidiary Corporation demonstrates that the core of the parent-subsidiary corporation management is controlling. According to the growth status and it's position in the parent-corporation, parent-corporation decides what strategy should be used to the subsidiary-corporation, whether add the investment or recall the capital.By the end of one cycle, the parent-corporation implements the performance evaluation on the subsidiary-corporations to determine next step strategy. But with the enlargement of the scale, the corporation management scope and difficulty are enlarging, so in order to implement virtual monitor and inspirit, it need to establish effective internal controlling system. Thus it's important to the group corporations that exert reasonable performance-assess system and scientific integrated evaluation method to the subsidiary-companies, integrated evaluation results offer the essential info for company policies establishing and strategic development planning of corporation, in order to supervisor the internal companies. The text firstly expatiate the related economics theory of corporation performance-assess and corporation creation, after the analysis on the corporation performance-assess and internal structure of corporation, It expatiates the importance of the performance-assess to the companies, and analyze performance-assess system facts that based on the group company one by one. Have analyzed the general assess methods that used in and abroad, I analyze the actuality of group performance estimation to the member companies, then develop practical performance-assess index system, and from the view of demonstration, apply several performance estimation methods to analyze the actual count, and compare the results, all these offer the advantage to the applications for the groups.The article defines the development history and its characteristics of group company, and discriminates group company and corporation group. The former is enterprise combo based on property right relate. According the different proportion of holding parts, the holding company can be defined as entire subsidiary company (also called filiale), holding company, and affiliated enterprise. It has corporative station as a whole, and each affiliated company has its own corporative station, the belt among them is capital, i.e. property relation, and the father structure they adopt is upright structure. However, generally speaking, enterprise group hasn't the unattached corporative station, its only the economic combo, made up of independent capital, it's essence is economic cooperation system, and not the production of the change or combination of capital ownership; enterprise group contains several independent core enterprises, each independent core enterprise has unattached corporative station and a series of its own daughter companies, i.e. enterprise group is combined with several group companies(or called group corporation, holding company); internal connect of enterprise group don't hold together by the parent company which is at the top of pyramid, but mainly hold together by the each other's holding stock(circularity stock) between core enterprises and series loan which is seen as capital concerned and banking relation in the enterprise group, each nut enterprise is independent with each other in the view of capital relation; The property right is very dark around the enterprise group, capital in the group is on-limits, not block up, various firm can do business across group, that is a independent division can join in two or more enterprise groups at the same time, this phenomenon is common in the rising enterprise groups; commercial banks gradually become the main core of the groups. The integration of industry capital and banking capital, is the necessity of the monopoly competition.The article expands the theory of the collectivization development, and the theory related to the performance evaluation, after analyzing the characteristics of these theories and its inspirit to the performance research, we have established theory foundation for deeply study on performance-assess to member firms. On the view of economics, the production of enterprise group is the result of substitute between marketing and company, it makes "trade interior" between several business unit or small houses, thus decrease the trade cost, so it has accelerated the increasing of enterprise fortune and made full advantage of society resource.Under the system of parent-subsidiary corporation, group corporation how to manage daughter companies is property management and controlling to them. In another word, the essence of the management is group corporation exerting its contributor right to the affiliated companies correctly, not only protect and encourage the management positivity and creativity of daughter companies, but also insure its operation according to the unification strategy planning of group corporation, in order to avoid losing control and management risk, and exerting its contributor right needs to base on the scientific performance-assess to the subsidiary companies. So for the criterion of its management to the subsidiary companies, and makes itself healthy growth, it is important to the group corporation that creates new performance-assess system according to existence.