推进企业供给侧改革的财务策略

本文在简要回顾国内外关于供给侧经济理论发展的基础上,认为财务角度是研究供给侧结构性改革的重要途径,当前中国供给侧改革的宏观政策需要微观呼应。在供给侧改革的五大任务中,去产能需进行企业整体方案的财务规划与成效评估,财务应优先支持产能海外转移项目。去库存的目的在于盘活企业资金,要制定灵活的去库存策略来提升企业活力。去杠杆要求企业走内涵式增长道路,外部融资需更多使用权益型融资。降成本要求企业推行精细化管理,重点是降低生产及隐性成本。补短板则要求企业变革盈利理念,强化创新,推行碳财务管理战略。

This paper considers that the financial perspective is a convenient way to study the structural reform of supply side, and China＇s current macro policy for the supply side reform needs micro echo, based on a brief review of the development of the supply side economic theory at home and abroad. The supply-side reform involves five tasks which are to reduce pro- duction capacity, inventory and leverage, reduce costs, and improve weak links. To reduce production capacity needs to carry out the overall plan of the financial planning and evaluation of the effectiveness, and to make financial priority sup- port on production capacity of overseas transfer project. The purpose of the inventory-reduction is to activate corporation＇s enterprise funds, and to develop a flexible inventory-reduction strategy to enhance the vitality of enterprises. Leverage-re- duction requires companies to take the road of content-type growth, and external financing needs more use of equity fi- nancing. Cost-reduction requires enterprises to implement fine management, and the focus is to reduce production cost and hidden cost. To improve weak links needs enterprises to change profit ideas, strengthen innovation, and introduce carbon financial management strategy.