Research On Management Controll Modes Of Oil Companies Overseas Subsidiaries In China

With China’s rapid economic development, China’s increased dependence on foreign oil, around 2012, China’s dependence on foreign oil has been as high as 58%.Our oil companies "go global" is an inevitable trend of expanding offshore oil and gas resources, it’s sustained and rapid economic growth in China’s need for oil resources, is also China’s oil company to become the world’s leading multinational oil companies need.Overseas subsidiaries of oil company controls in addition to the General characteristics of the parent company and other industries regulated, also with resources high political risk, governance, risk, governance mechanisms and differences in culture and customs in overseas subsidiaries, and other features. First, scholars at home and abroad on the basis of an in-depth analysis of control theory of parent-subsidiary management and simple presentation of the main features of the mode of management and control of oil companies. Then focus to overseas job experience China’s two oil giants, CNPC, Sinopec, as the main object of study, introduction to development of Chinese oil companies and the current regulatory model features. On the basis of a comprehensive analysis of the problems in China’s oil controlled modes of overseas subsidiaries came to the conclusion that our oil companies overseas subsidiaries regulated primarily parent company governance structure and function of the blur, the imperfect overseas subsidiaries governance mechanisms and incentive and restraint mechanism crippled, single parent company controls too and weak risk control capacity of the four aspects of the.Moreover, Shortage of oil companies controlled modes of overseas subsidiaries in China, this article focuses on overseas subsidiaries of our oil companies control optimization of mode mode. This section analyzes the factors that affect the choice of oil companies overseas subsidiaries in China, come to the parent company, subsidiaries, parent company and group level and the external environmental factors of the four main factors. And according to the four main factors in different control modes and effects, combined with surveys, expert interviews, and built our oil companies set a decentralized model in overseas subsidiaries. Sets power models can be calculated based on the results to determine the parent company set to be taken by the decentralization model, decided to power the oil companies for overseas subsidiaries as a whole set type. Last is the problems of China’s oil companies, primarily from a clear positioning, optimization of organizational structure of the parent company and the parent company functions, design and incentive systems how far regulatory instruments and to strengthen risk management in four aspects, including overseas subsidiaries of our oil companies control mode specific optimizations. Finally our oil companies overseas control mode with a series of safeguards, looking for other oil-controlling mode of enterprise management in the design, implementation, and provide valuable information.