：近些年来，随着我国经济的持续发展，企业的规模持续扩张， 越来越多的企业从单独的经营模式转变为集团形式的经营模式。以这 种集团形式为主要经营模式的企业越来越多，他们将人才、资金和技 术装备、生产能力等汇集在一起，通过规模优势、资源优势，提升自 身竞争力。企业集团的相继拓展，使大量的资金汇集到一处，逐步形 成了企业内部的资金市场。这种资金集中管理的模式虽然优势明显， 但长此以往，也会出现一些问题，需要加以关注。 盛融集团公司是国内著名大型百货零售企业，是一家多元化实业 发展与投资集团，拥有多家境内外上市公司和100多家控股、参股公 司，已成为中国最具实力的民营企业之一。本研究以盛融集团公司为 案例进行研究，采用文献研究法、案例分析法和访谈研究法进行研究。 研究的基础理论包括：委托代理理论、集权分权理论、信息不对称理 论等和资本成长理论。先从账户管理、资金预算管理、筹资管理、资 金统筹管理和制度建设等方面介绍盛融集团公司资金集中管理的具 体情况，论述其资金集中管理取得的成效。通过现状的介绍，发现盛 融集团公司资金预算集中管理存在一些问题，并进一步对问题进行分 析、探究导致问题的深层次原因。最后，从思想认知、预算编制和执 行、融资渠道、组织架构等方面提出加强盛融集团公司资金集中管理 的对策，希望其对进一步改进盛融集团公司资金集中管理水平、提升 其资金管理绩效有所裨益。 II 关键词：集团公司；资金集中管理；资金池模式；改进对策 III RESEARCHONTHECENTRALIZEDMANAGEMENT COUNTERMEASURESOFSGROUPCOMPANIES JiangLinjie(MBA) DirectedbyGuoHu Abstract：Inrecentyears,withthecontinuousdevelopmentofChina's economy,thescaleofenterpriseshascontinuedtoexpand,andmoreand moreenterpriseshavechangedfromasinglebusinessmodeltoa group-basedbusinessmodel.Therearemoreandmoreenterpriseswith thisgroupasthemainbusinessmodel.Theybringtogethertalents, capital,technicalequipmentandproductioncapacitytoenhancetheir competitivenessthroughscaleadvantagesandresourceadvantages.The successiveexpansionofenterprisegroupshasbroughtalargeamountof fundsintooneplaceandgraduallyformedacapitalmarketwithinthe enterprise.Althoughthiskindofcentralizedmanagementmodelhas obviousadvantages,inthelongrun,therewillbesomeproblemsthat needtobepaidattentionto. ShengrongGroupCo.,Ltd.isafamouslarge-scaledepartmentstore retailenterpriseinChina.Itisadiversifiedindustrialdevelopmentand investmentgroup,withanumberoflistedcompaniesathomeandabroad andmorethan100holdingandshareholdingcompanies.Ithasbecome oneofthemostpowerfulprivateenterprisesinChina.Thisstudyused ShengRongGroupasacasestudy,usingliteratureresearch,caseanalysis IV andinterviewresearch.Thebasictheoriesofresearchinclude: principal-agenttheory,centralizedpowerseparationtheory,information asymmetrytheoryandcapitalgrowththeory.Firstly,itintroducesthe specificsituationofcentralizedmanagementofShengRongGroup's fundsfromtheaspectsofaccountmanagement,capitalbudget management,fundraisingmanagement,fundmanagementandsystem construction,anddiscussestheeffectivenessofitscentralizedfund management.Throughtheintroductionofthestatusquo,itisfoundthat therearesomeproblemsinthecentralizedmanagementofthefund budgetofShengRongGroup,andfurtheranalyzetheproblemsand explorethedeep-seatedcausesoftheproblems.Finally,fromtheaspects ofideologicalcognition,budgetpreparationandexecution,financing channelsandorganizationalstructure,thecountermeasuresfor strengtheningthecentralizedmanagementofShengRongGroup'sfunds areproposed.Itishopedthatitwillfurtherimprovethecentralized managementlevelofShengRongGroup'sfundsandimproveitsfund managementperformance.Itisbeneficial. Keywords:groupcompanycentralizedmanagementoffundsfund poolmodelimprovementcountermeasures 目录 摘要..............................................................................................................I Abstract.................................................................................................III 第1章绪论...............................................................................................1 1.1研究背景........................................................................................1 1.2研究目的与意义............................................................................1 1.2.1.研究目的...................................................................................1 1.2.2研究意义.................................................................................1 1.3国内外研究现状...............................................................................2 1.3.1.资金集中管理重要性的研究...................................................2 1.3.2.资金集中管理方法的研究.......................................................3 1.3.3.资金集中管理模式的研究.......................................................4 1.3.4.研究现状述评...........................................................................4 1.4研究内容与方法............................................................................5 1.4.1.研究内容...................................................................................5 1.4.2.研究方法...................................................................................6 第2章企业资金集中管理相关理论.......................................................7 2.1资金集中管理概述........................................................................7 2.1.1资金集中管理的概念.............................................................7 2.1.2资金集中管理的内容.............................................................7 2.1.3资金集中管理的意义.............................................................8 2.1.4资金集中管理的目标与原则.................................................9 2.1.5资金集中管理的模式...........................................................10 2.2研究的理论基础..........................................................................11 2.2.1委托代理理论.......................................................................11 2.2.2集权分权理论.......................................................................11 2.2.3信息不对称理论...................................................................12 2.2.4资本成长理论.......................................................................12 第3章盛融集团公司资金集中管理现状.............................................15 3.1盛融集团公司简介......................................................................15 3.2盛融集团公司财务情况..............................................................17 3.3盛融集团公司资金集中管理情况..............................................19 3.3.1资金集中管理模式...............................................................19 3.3.2资金管理制度.......................................................................20 3.4盛融集团公司资金集中管理取得的成效..................................21 3.4.1提升了企业经营效益...........................................................21 3.4.2加强了企业成本管控...........................................................22 3.4.3遏制了现金循环风险...........................................................23 3.4.4提升了金融服务能力...........................................................23 第4章盛融集团公司资金集中管理存在的问题及原因分析............25 4.1盛融集团资金集中管理的访谈................................................25 4.1.1访谈目的...............................................................................25 4.1.2访谈提纲...............................................................................25 4.1.3访谈结果分析.......................................................................27 4.2盛融集团公司资金集中管理存在的问题...............................29 4.2.1资金使用率偏低...................................................................29 4.2.2预算执行力较低...................................................................30 4.2.3融资管理难度大...................................................................31 4.2.4资金统筹调剂力偏小...........................................................31 4.2.5制度建设仍不完善...............................................................32 4.3原因分析......................................................................................33 4.3.1缺乏认识、对账户管控力不足.......