A Study On The Impact Of Industry Finance Integration On Enterprise Performance

In October 2022,the 20th National Congress of the Communist Party of China pointed out that achieving high-quality development of enterprises requires the construction of a refined management system with management accounting as the core.The integration and unification of industry and finance is an important part of the construction of the management accounting system.The integration of industry and finance refers to the sharing of various types of data through various methods and means,based on the premise and foundation of reaching a consensus on value goals,by the financial and business departments,to jointly make management activities such as planning,decision-making,control,and evaluation,and improve the cost control ability,employee efficiency,and risk resistance ability of enterprises in market competition.In recent years,peoples demand for tourism has been increasing,making the tourism industry one of the important industries driving Chinas GDP growth.At the same time,peoples high enthusiasm for tourism consumption has in turn attracted more and more capital to flow into the tourism industry,coupled with low barriers in the tourism industry,making the competition in the tourism market increasingly fierce.In this context,in order for tourism enterprises to improve their performance and promote long-term and high-quality development,they must optimize their corporate structure,transform their financial management models,respond to the call of the Ministry of Finance,promote the integration of industry and finance within the enterprise,and thus carry out targeted and efficient management of the enterprise.At present,there is abundant research on the integration of industry and finance in China,but there is still insufficient attention paid to whether the integration can improve the performance of tourism enterprises.Therefore,this paper takes China Tourism Group Zhongmian Co.,Ltd,the leading tourism enterprise,as the case object,and takes contingency theory and business process reengineering theory as the theoretical basis to study whether the implementation of industry finance integration can make enterprises have better performance.This article compares the cost control ability,profitability,debt repayment ability,operational ability,and development ability of Company A before and after implementing the integration of industry and finance,as well as the changes in EVA value,to comprehensively evaluate the implementation effect of the integration of industry and finance.The research conclusion of this article shows that the implementation of business finance integration can enhance the cost control ability,profitability,operational ability,development ability,and EVA value of enterprises by improving employee efficiency,reducing management costs,and enhancing risk resistance,and ultimately have a positive impact on enterprise performance.Finally,this article also provides some suggestions for China Tourism Group Zhongmian Co.,Ltd to better promote industry financial integration from the ideological,institutional,and executive levels.