Research On Operation Evaluation Of Centralized Fund Management Mode Of JM Group Finance Company

With the development of the economy and the growth ofenterprises in our country, the financial company plays an important role instrengthening the centralized management of enterprises’ funds andimproving the capital efficiency. Therefore, it is important and urgent to studythe application and evaluation of the centralized fund management mode ofgroup enterprises, so as to explore improved methods.This paper is based on the transaction cost theory, internal capital markettheory, principal-agent theory and integration of industry-finance theory. Byreferring to the relevant literature at home and abroad, the paper chooses thelarge coal enterprise—JM group finance company as a case study. Throughthe analysis and comparison of five kinds of centralized funds managementmode, the paper sums up the advantages of finance company mode.Then thepaper carries out the research on the current situation of JM group financecompany, including business environment, function orientation, modeapplication and existed problems. It constructs the evaluation system of thecentralized fund management mode of JM group finance company,establishes the financial indicators mainly based on its profitability and business growth, and the management indicators mainly based on its groupcontribution rate, operation efficiency, learning and growing. Through theevaluation of financial indicators by using efficacy coefficient method andmanagement indicators by using expert scoring method, the paper concludesthe comprehensive score of the effect of the centralized fund managementmode of JM group finance company, and then analyze it.This paper puts forward the following six suggestions to further improvethe centralized fund management of the finance company: improving theservice capability of the group in order to response to the new economicincrease positively; increasing the fund intensity and improving the specialassessment mechanism; improving the risk control system and raisingemployees’ awareness of risk; improving the funds management system andstrengthening the budget execution; renewing funds management system,improving the level of information sharing, increasing the talent teamconstruction, introducing top talents.