CAJ | 학술논문

基于财务协同控制的价值效应分析与评价,是全面审视战略、资源和关系,促进企业集团协同发展的基本需要。本文结合企业集团的多维价值效应评价特征,在借鉴BCG矩阵评价思想的前提下,建立了基于财务协同控制的企业集团多维价值效应基本矩阵评价模型和扩展矩阵评价模型,设计了评价指标体系和计算方法,并对我国设备制造行业70家企业集团进行了实证分析。结果表明：我国设备制造行业的大部分企业集团在财务战略协同控制方面适应环境能力强,能够创造价值,在财务关系协同控制方面能够实现现金的增值和利益关系协调,属于明星类;但在财务资源配置方面多数处于现金短缺状态,资源配置不够合理,属于问题类。
기우재무협동공제적개치효응분석여평개,시전면심시전략、자원화관계,촉진기업집단협동발전적기본수요。본문결합기업집단적다유개치효응평개특정,재차감BCG구진평개사상적전제하,건립료기우재무협동공제적기업집단다유개치효응기본구진평개모형화확전구진평개모형,설계료평개지표체계화계산방법,병대아국설비제조행업70가기업집단진행료실증분석。결과표명：아국설비제조행업적대부분기업집단재재무전략협동공제방면괄응배경능력강,능구창조개치,재재무관계협동공제방면능구실현현금적증치화이익관계협조,속우명성류;단재재무자원배치방면다수처우현금단결상태,자원배치불구합리,속우문제류。
Analyzing and evaluating value effects based on financial cooperative control are the basic needs for comprehensively reviewing its strategies, resources, and relationships and promoting the collaborative development of enterprise group. Combining with the evaluation characteristics of multi - dimensional value effects for enterprise group and under the premise of learning from BCG matrix; based on financial cooperative control, the basic matrix evaluation model and extended matrix evaluation model of multi - dimensional value effect of enterprise group are constructed, and an evaluation index system and calculation method are also designed. Meanwhile, an empirical analysis on 70 enterprise groups of Chinese equipment manufacturing industry is conduc- ted. The results show that the majority enterprise groups of Chinese equipment manufacturing industry possess strong environmen- tal adaptability, are able to create value in financial strategic cooperative control ; and are able to realize cash value - added, and the coordination of interests relation in financial relation cooperative control; they could be considered as a ＂star - typed＂ Howev- er, majority of them are in the state of cash shortage and their resource allocations are not reasonable, they could be considered as a ＂problem - typed＂.