W集团企业内部资金配置风险分析.pdfVIP

摘要 随着中国大型企业集团数量和规模的增加，企业对管控和高效运作资金的需求越来 越强烈。部分重视资金管理的集团，已经通过设立结算中心或财务公司来实现企业集团 对资金集中化管理的蓝图。而资金内部调剂管理则是资金集中化管理后续一定会面临的 问题。既要使得资金的运作有助于实现集团的战略宏图，又要保证内部调剂高效节能的 进行，然而并不是每个集团高管都能很好的解决这个问题。 本文首先从企业集团遇到资金困境的背景出发，提出解决集团资金内部调剂风险问 题的重要性，引出本文的研究意义和目的。通过总结内部化理论、信息不对称等理论研 究，陈述了集团内部资金配置的理论基础。同时根据查阅的文献研究，描述了结算中心 的定义、基本岗位设置和主要职能，并列举了当前企业运用的内部调剂主要方式。本文 的形式是针对W 企业的个别案例研究，本文后半部分主要是对W 企业过去内部调剂活动 中出现的问题做出总结，并提出原因分析。本文认为其在内部调剂活动中易出现的风险 有：事前调研风险、担保风险、事中监控风险和事后回款风险。最后，提出了针对W 企 业现状的整改和优化意见，为确保结算中心内部调剂职能更好的运作提供了基础和保 障。 关键词：结算中心，内部调剂，风险管理 Ⅰ ABSTRACT With the increase in the number and size of large enterprise groups in China, the demand for management and efficient operation of capital becomes more and more intense. Some enterprise groups that attach great importance to fund management have completed blueprint for the centralized management of funds through establishing settlement center or financial-management firm. How to coordinate the transfers of funds within the enterprise groups is an important topic that enterprise will have to face in their practice of centralized management of funds. It’s necessary to make sure that the operation of funds can contributes to achievement of the groups ambitious strategy, and also ensures internal transfers energy efficient. However, not every group executive can put forward a good solution to solve this problem. In this thesis, we start from the background that the enterprise group encountered financial difficulties and point out the importance of avoiding the risk of internal transfers of funds, then lead to the meaning and purpose of this study. By summing the theoretical study of the internalization theory and information asymmetry theory, this paper