摘要
中央企业集团的财务治理问题是我国实务界和学术界特别纠结的问题。这些年随着中国市场环境和央企的自身战略持续变革,既挑战着现有集团财务理论的研究结论,也迫切需要创新性的、系统化的重构。本文的研究从当今央企的投资经营多元化、多级治理和日益对接资本市场等新变革出发,在文献分析基础上明确了整合央企集团财务治理、财务管控体系和经营目标与价值创造的基本逻辑,提出了强化总部的财务领导力与经营分权、多样化控制机制等基本原则,阐明了央企集团财务治理体系是:以经济增加值EVA为核心的业绩管理体系、以全面预算为主的多级治理体系、以风险边界为重心的财务结构管控体系和以财务增加值为基础的分配控制。
Financial management of CSOEs (central state owned enterprises) has been a critical concern of researchers and practitioners.With the rapid development of Chinese market and the constant progress of CSOEs' strategies,there is a pressing call for a systematic and innovative restructuring of current financial management theories to inform the practical development.Taking into consideration the operational diversification and hierarchical governance structures of CSOEs,this research proposes several systems of financial management of CSOEs which include the EVA-based performance evaluation system,the budget-based hierarchical governance system,the risk-based financial management system and the FVA-based incentive system.
出处
《会计研究》
CSSCI
北大核心
2012年第4期50-57,95,共8页
Accounting Research
