On The Theory Of Corporate Finance Structure

As a managerial science, finance is developed with the development of economy, the research of financial theories in China began till 1 960s,but lacked coherence and systematic for some reasons, so that it couldn guide the practice effectively. As we know, theories, which originate from practice, play an important role of guiding practice. The practice without the guidance of theories is blind practice. With the improvement of social and economic improvement since reform and opening up, Chinese financial practice has changed sharply. Therefore, corresponding theories are required urgently, in order to guide and improve our financial practice better. Since he new accounting system?was published in 1993, the research of financial theories has been showing the obvious characteristics of multipolarization in fields of vision, methods and contents, such as multipolarization of financial managerial system, multipolarization financial basic theories, multipolarization of financial bodies, and multipolarization of financial targets. However, the research of financial theories in China is in utter disorder. It's systematicness and coherence can hardly be identical to the research of neighboring subject ccounting?(Tang Guliang). On the other hand, Chinese financial theories have abundant connotations. From different standpoints, we can get different frameworks. Different contents appear to be different forms. Therefore, the most important task of financial research world now is to how to restructure these multipolarizations rapidly and effectively, so that we can build a scientific, well-knit framework of financial theories. Upon these considerations, I chose the discussion of the structure of corporation financial theories?as my research topic. This paper applies mainly deductive and synthetically analyzing methods. This paper is divided into four parts. Part 1: Outline of the structure of corporation financial theories Jt~ this part, [introduce the research purpose, research area, research methods, specialties of main ideas, and problems intended to discussion. Firstly, under the principle of development, from the start point of Chinese economic reform and integration of global economy, I focus my research on corporation financial theories under modern enterprise system. Secondly, I analyze different kinds of corporation finances ?fund- provider (owner) finance, corporation (legal person) finance and manager finance, and distinguish further their differences and concentrates. Fund- provider finance belongs to the category of investing, which concentrates on the application of financial theories, considers investor as financial bodies. Manager finance is to enforce corporation financial policies, and the manager is the executor who carries out concrete financial methods. In order to meet the requirement of corporation development and reach the target of added -value maximization, corporation (legal person) studies how to improve financial management, how to organize financial activities, how to erect credit and attract social capital. Part 2: Basic concepts and practical research importance of the - structure of corporation financial theories Beginning with general analysis of financial theories, I enumerated the definition of the structure of corporation financial theories, which is referred to the forming parts (or elements) of financial theories under...