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Study Of Enterprise Financial Strategy Basic On Economic Cycle And Industrial Cycle

Posted on:2012-12-20Degree:MasterType:Thesis
Country:ChinaCandidate:G LuoFull Text:PDF
GTID:2219330338451916Subject:Business management
Abstract/Summary:PDF Full Text Request
This paper analyzes enterprise should take the different financial strategy, which are influenced by economic cycle and industrial cycle. In order to prove this statement, this paper select a growth industry, a maturation industry and a recession industry as sample and make a empirical research on their financial strategy,which are at the expanding period of economic cycle and recession period of economic cycle separately. The conclude support this statement and it's useful for enterprise formulating and implementing the financial strategy.This article is divided into six chapters. The first chapter gives the researching purpose and significance of the paper, reviews researching trends of the theories at home and abroad, and illustrates the researching means, methods, emphasis and difficulty. The second chapter summarizes the economic cycle theory, industrial cycle theory and definition,content and the affection factor of environment of financial strategy. The third part introduces the influence on enterprise financial strategy with the economic cycle, and enterprise should take and implement which kind of financial strategy under the influence of the economic cycle. The fourth part analyzes enterprise should take which kind of financial strategy based on industrial cycle theory separately from financing strategy, investment strategy and profit distribution strategy. The fifth part choose biopharmaceutical industry, mechanical equipment industry and clothes industry respectively as the representative of growth, maturation and decline industry and select 2006-2007 as the representative of expanding economic period,2008-2009 as the representative of crunch economic period, then make a make a empirical research on enterprise taking which kind of financial strategy, based on economic cycle theory and industry cycle theory. The sixth part summarizes the research conclusion and gives policy suggestions and research prospects.
Keywords/Search Tags:Economic Cycle, Industry Cycle, Financial Strategy
PDF Full Text Request
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