Research On Working Capital Management Performance Of Household Appliance Enterprises Under Financial Sharing Mode

With the development of information technology and the advancement of economic globalization,transnational operations have emerged outside enterprises.They have set up molecular companies to expand their scale,but many problems have followed,such as reduced operating costs,greater corporate risks,and lower operating efficiency,which makes working capital management a difficult problem for major companies.Therefore,enterprises are eager to seek other forms of management,so the financial sharing model emerged.The household appliances industry is particularly different.Their products are similar and updated quickly.In order to have stronger competitiveness in the same industry,they must change the traditional model and implement the financial sharing model.In the early 20th century,Haier Wisdom rearranged its strategic layout,hoping to establish a new financial sharing mode to achieve its own strategic transformation.In 2007,Haier took the lead in establishing the financial sharing center,which has been well developed subsequently.In 2013,Haier’s financial sharing mode has been basically improved,the large-scale operation has been realized,all the businesses have been on the right track,the efficiency of information transmission has been improved,the speed of capital flow has been accelerated,the level of working capital management has been significantly improved,and the financial transformation has been successfully completed.This paper selects Haier Zhijia as an example through literature research method and case analysis method,divides its financial sharing mode into three stages,analyzes the impact of its financial sharing center on the working capital management of enterprises based on the structure,elements and channels from three different perspectives,finds out the shortcomings and puts forward the corresponding optimization suggestions.This paper draws the following conclusions:(1)Financial sharing promotes the transformation and upgrading of enterprise working capital management mode;(2)Financial sharing can improve the performance of working capital management;(3)The financial sharing mode has different effects on the performance improvement of working capital management at different stages,that is,the working capital management level of Haier Zhijia in the early stage is not much improved,but it greatly improves its level in the later stage.It is hoped that after the study of this paper,it can provide certain reference and reference for the working capital management of the same type of household appliance enterprises,and can produce certain enlightenment for the financial transformation and development of enterprises.