关键词：
Sustainable financial growth;Financial risk;Measuring model
摘要：
Sustainable financial growth model is a powerful tool for enterprise financial planning and strategic management. Among all the researches about the sustainable financial growth model, there are two representative thoughts including the Robert-C-Higgins' model and the improved model constructed by professor Fan Xingjian. This paper considers financial risk as another important influencing factor, and constructs the sustainable financial growth model based on financial risk by formula derivation method. It aims at enhancing the application value of sustainable financial growth model and enriching financial growth management theory.
摘要：
When strategic management becomes the highest level and chief mission of corporate management in the State-owned enterprise group (SOE group), strategic risk management becomes the key stage of strategic management which determines the efficiency of strategic management. Strategic financial risk management in the SOE group which is based on the balanced scorecard (BSC) is the key content of the corporate strategic risk management; it impacts directly on the efficiency of the decision-making and operating of the strategic financial management. This paper studies the formation and efficient implementation mechanism of strategic financial risk management; it orients through the strategic financial risk management view, follows the stakeholders' Win-Win cooperation logic in the SOE group, and regards the efficient allocation of financial-right as a path. The study discloses the connotation of integrated strategic financial risk management in the SOE group based on the BSC; analyses its features including comprehensive idea, systemic structure, process interactivity, controllable efficiency etc.; dissects its operating mechanism of integration-systematization; puts forward the efficient implementation mechanism including interactivity management, contingency management, balanced management, idea management, boundary management and enterprise risk management (ERM) mechanism. In this research, we aim at ensuring that the SOE group can achieve the strategic financial objectives by managing the strategic financial risk effectively
期刊：
Proceedings of 2006 International Conference on Construction & Real Estate Management, Vols 1 and 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE,2006年:600-605
会议名称：
2006 International Conferncen on Construction & Real Estate Management(2006建筑与房地产管理国际会议)
会议时间：
2006-10-05
会议地点：
美国奥兰多
会议论文集名称：
2006 International Conferncen on Construction & Real Estate Management(2006建筑与房地产管理国际会议)论文集
关键词：
construction project;bidding collusion;mechanism analysis;countermeasures
摘要：
There are a lot of collusion actions of parties interested as the bidders, the tender agent and construction organization in construction project bidding. Those actions seriously destroy bidding equity and science, infringe the investor interests and impact on the efficiency of the investment decision-making process of construction project. This paper adopts contract theory, principal-agent theory and auction theory to probes into the internal mechanism of collusion resulted from information asymmetry, incentive unbalance of contract mechanism, survival pressure of competition-in-no-order and rent-seeking and the external environment of collusion given cause for lack of contract integrity, faults of market supervising system and imperfect property rights system reform. This research proposes that the countermeasures of bidding collusion should proceed from both internal mechanism administration and external environment improvement, namely, sets up incentive-constraint, integrity-liability investigation, peer-review and reputation punishment mechanisms to keep away the collusion actions, cultivates construction enterprise fair competition and integrity consciousness, and unceasingly improves market supervision mechanism to administrate external environment. In our research, we intend to probe into the measures and thoughts to prevent collusion actions in the bidding and enhance the efficiency of construction project investment control.
