Study on the Comprehensive Evaluation of the Financial Core Competitiveness for the Listed Companies in Chinese Steel Industry

Yanhui Wang,Yajun Guo,Yanqing Zhuang

doi:10.5539/ijbm.v4n3p36

Abstract

The financial management activity is the important part of the enterprise economic activity, and the enterprise core competitiveness is decided by the financial core competitiveness to certain extent, so the scientific measurement of the financial core competitiveness of the enterprise is very important to know the financial management performance of the enterprise and effective form the core competitiveness of the enterprise. In this article, we established a set of the index system which could comprehensively evaluate the financial core competitiveness of the listed company, took 15 listed steel companies in Shenzhen Stock Exchange as the examples to analyze and evaluate the financial core competitiveness of the listed companies, and finally made advices to cultivate and strengthen the financial core competitiveness of the listed company.

Highlights

In China, some scholars had put forward relative financial theories about the accounting core competitiveness, the enterprise financial core ability and the core competitiveness
Feng Qiaogen (Feng, 2003, P. 26-27) put forward the core competitiveness-oriented new finance science view, i.e. the core competitiveness finance, and pointed out the core competitiveness finance was a sort of systematical financial control and management method which took the capital investment, the income activity and the relative financial relations of the value chain or the supply chain enterprise group as the research objects, took the market competition as the drive, acquired the enterprise competitive advantage and tried to create values for consumers under the guidance of the economics and the management theory
Zhu Kaixi (Zhu, 2001, P.10) definitely put forward the concept of the enterprise financial core ability. He pointed out that as the enterprise financial management target, the enterprise financial core ability is the essential target of the enterprise financial management activity, and it is the start and the end-result of the enterprise financial management activity

Summary

Introduction

In China, some scholars had put forward relative financial theories about the accounting core competitiveness, the enterprise financial core ability and the core competitiveness.

Results

Conclusion