Speed ​​up China's Aviation Industry Financial Management Innovation

This thesis presents a systematic and in-depth exposition and analysis over theories and applications of financial management innovation of the aviation industry in China. The author reports the significant role of financial management in the aviation industry management in China by investigating the meaning, functions and options for objectives of financial management. The thesis also points out a direction and path for the innovation of financial management of the aviation industry in China by theoretically analyzing the general path from the generation, development and inovation of financial management. This thesis aims to points out several points to be improved in financial management by investigating the overall situation of the aviation industry in China and the current status of financial management. As financial management innovation is a systematic project which involves lots of factors, the author only made investigations over the following several issues based on the analysis over the current situation of financial management in the aviation industry in China. Firstly, this thesis points out an idea of exercising a combination of inflexibility and yielding in financial management of the aviation industry in China on the basis of an analysis on the features of the aviation industry in China as one typical high-tech enterprise, and also tries to quantifies how to apply the yielding method in financial management in practice by utilizing the calculous theories. Secondly, with regard to the strategic restructuring and changes in internal and external environment of the aviation industry in China, through a review and analysis on the basic theory -value chain theory, the author conducts an analysis over the key initivatives of strategic financial implementation of the aviation industry in China after restructuring from both theories and practice perspectives, and presents a model of building up an information-integration sense so as to establish a periodic (by-level) real-time integration of financial management in the aviation industry. Thirdly, by means of analyzing the limitations of the traditional financial performance evaluation system, this thesis points out that a strategic performance evaluation system should be established and implemented in the aviation industry in China as quickly as possible. By referring to the reality of the aviation industry management in China, the author mainly studies the application of EVA and also innovatively reports that enterprises in the aviation industry in China shall gradually establish an EVA-based two-step incentive method: firstly, an EVA-based manager salary management method shall be established as quickly as possible; secondly, when conditions become mature, an EVA-based simulated stocks and equities incentive method for decision-making senior managers and key staffs of enterprises shall be established.