Research On The Influence Of Financial Sharing On Corporate Financial Performance

In the 1980s,multinational corporations in developed countries expanded their global operations and promoted economic growth by establishing direct branches in developing countries and regions through direct investment.In the process of expansion,they encountered a series of problems: Increasing costs,difficulty in unification of management and control,challenges to corporate information,low efficiency in financial management,poor information quality,etc.In this case,financial sharing services as an emerging management model,It has been promoted worldwide because of its remarkable achievements in reducing corporate costs,improving business efficiency,and strengthening corporate governance.After the implementation of the financial shared service model,what impact has it brought to the financial performance of the enterprise is a key concern of enterprise management.This paper first expounds the research background and significance,summarizes the literature related to performance management in financial sharing service,performance management and financial sharing service mode,and reviews the literature.At the same time,it introduces the research ideas,research methods and research framework of this paper.Secondly,it summarizes the development stage and development trend of financial sharing,and expounds the theoretical basis of this paper from three aspects: business process reengineering theory,flattening theory and performance management theory.Thirdly,it analyzes the specific path of financial sharing service center to promote enterprise performance improvement.Then,through the case study method and the field investigation method,the basic situation of the case company is introduced.From the perspective of the development stage of financial sharing,The financial sharing of ZTE’s accounting and the financial sharing of CREC’s Industry Finance are in the three aspects of operating cost,fund management and internal control.The impact of the financial performance of the company is analyzed.Finally,suggestions are made for improving the operation mode of the financial sharing service of the case company.From the perspective of the development stage of financial sharing service,through the analysis of the impact of case company financial sharing on the financial performance of the company,the status quo of the research on the impact of the financial shared service model on the financial performance of the enterprise is supplemented and improved.At the same time,due to the construction industry in China There are not many enterprises that successfully establish a financial shared service model.The analysis of CREC’s Industry financial integration financial sharing model provides a certain reference for the implementation of financial sharing among more construction enterprise groups in China,and has certain practical significance and theoretical value.