摘要
本文以资源基础观为理论基础,对特变电工和天威保变两家进入光伏行业的A股上市公司在实施多元化战略过程中的财务柔性管理进行分析后认为,企业在实施多元化战略时离不开企业财务柔性资源的支持,超出企业财务柔性资源保证的多元化投资容易引起战略失败;当新业务单元具备了自我财务柔性能力创造时,多元化战略才可获得真正意义上的成功。
Based on resources - based view, this paper analyzed the flexible financial management of two A - share listed compa- nies - TBEA and Tianwei in implementing their diversified strategies and found that diversified strategy of the enterprise can not be separated from the support from the flexible financial resources. The diversified investment beyond the guarantee of the flexible corporate financial resourees will easily lead to strategic failure. When a new business unit creates financial flexihility itself, the diversification strategy achieve success in its teal meaning.
出处
《新疆财经》
2015年第6期23-31,共9页
Finance & Economics of Xinjiang
基金
国家社会科学基金项目"基于集群融资的小企业财务战略研究"(12XGL005)
四川成都信息工程大学校选科研项目"不确定性环境下的企业财务柔性研究"(KYTZ201526)
关键词
多元化战略
财务柔性
财务柔性资源
Diversified Strategy
Financial Flexibility
Flexible Financial Resources
