Optimization of Corporate Financial Management from the Perspective of Industry-Finance Integration

Enterprises can enhance their financial management by integrating their business and financial departments,facilitating the seamless sharing of information and resources.This integrated management model not only aids in lowering operating costs but also boosts market competitiveness.In the contemporary,highly competitive business landscape,the amalgamation of business and finance has become a prerequisite for corporate development.This article delves into the significance of industry-finance integration in corporate financial management,scrutinizes existing challenges in corporate financial management,and puts forth tailored solutions to optimize the overall system.

Current Situation and Problems of College Students’Financial Management in the Era of Internet Finance and the Countermeasures

With the rapid development of information technology,internet financial products have been continuously launched,and many college students have joined the internet financial team.By investigating the current situation of college students’financial management,this study found several problems and deficiencies in college students’financial management and proposed countermeasures to these problems for colleges and universities to cultivate students’internet financial literacy as well as guide them to establish the correct concept of financial management under the internet financial environment,learn financial management knowledge,improve financial management capabilities and risk awareness,as well as choose appropriate internet financial management products.

Risk, Contract Management, and Financing of the Gotthard Base Tunnel in Switzerland

1. Introduction With the opening ceremony of the Gotthard Base Tunnel on 1 June 2016, a new world record was established: the commissioning of the longest railway tunnel in the world. Many challenges have been overcome and many technical innovations have been developed and considered in this project. As of 11 December 2016, the Gotthard Base Tunnel has been an integral part of the new timetable of the Swiss Federal Railways (SBB-CFF-FFS), and is in full operation. With a total length of 57 km and a cruising speed of 200 km·h^-1 for passenger trains, the Gotthard Base Tunnel reduces the journey time through the Alps by 40 min, significantly reducing the distance between the south and north of Europe.

Research on Financial Support for the New Types of Agricultural Management Entities from the Perspective of the Rural Revitalization Strategy

Both the escape from the predicament of traditional financial support in rural areas and the cultivation of new types of agricultural management entities underlie,at a micro level,the improvement of a new-type of agricultural management system,and offer an important guarantee for the implementation of a rural revitalization strategy.In reference to the demands of carrying out reform,activating factors,invigorating entities and stimulating markets during the implementation of this rural revitalization strategy,we are applying a financing preference theory that infers and analyzes the excessive preference for new-type agricultural management entities(family farms,specialized farmer cooperatives,specialized large family farms,and modern agricultural enterprises)regarding government subsidies(quasi-equity financing).Our analysis has identified crucial factors in the issue and predicts that government subsidies(quasi-equity financing)will crowd out financial support funding(quasi-debt financing),and we offer empirical proof obtained through statistical modeling.As our results indicate,financing costs,free cash flows,and the perceived income adequacy(PIA)of new-type agricultural management entities all have significant influence upon decision-making for debt financing by such entities.Therefore,with the concrete contents of the formulation of policies concerning the financial support for rural agricultural strategy,one not only needs to consider the further decrease of financing costs,but also should take into account both the designing of cash flow mechanism in the process of paying both principal and interest,and the improvement of bankruptcy rules for agricultural management entities to accelerate the transformation of family farms,specialized farmer cooperatives,and specialized large family farms,towards modern agricultural enterprises.Meanwhile,upgrades to the supply chains of the agriculture industry,improvements to the construction of the rural financial information system,building an accounting system that meets the requirements of the rural revitalization strategy,and giving full play to the policies for financial support,which assume an important role in activating factors and markets during the implementation of the rural revitalization strategy,are also anticipated.

Legal Research on Rural Land Management Right Financing under the Background of Rural Revitalization Strategy

Financing difficulties have always been one of the bottlenecks restricting the development of"three rural".The core to solve the difficulties is to seek financing collaterals that in line with the law and with the value able to be effectively evaluated.Besides,the law confirmation of the mortgage financing's form for Rural Land ManagementRight(RLMR)is the primary prerequisite for rural land financing.With the continuous advancement of rural revitalization strategy,the rural land reform with the main content of"three powers separation"has paid more attention to the functions of RLMR financing.Due to the lack of supply of existing laws,there are still certain legal risks in the financing of RLMR.Based on rural revitalization strategy,this paper made an in-depth analysis of the causes of financing risk of RLMR.Furthermore,we put forward some possible paths to legalize this right.

Critical Factors in Financing and Management of Light Rail Transit Systems： Delphi Methodology Approach

In recent years, a large number of LRT （light rail transit） networks and tramways have been built in Spain using the tender system. The rhythm of construction has been such that very few analyses have been carried out and those that have were only partially done because the main participants involved had ulterior motives which impeded their having a critical and independent opinion of the projects carried out. Within this framework, the Delphi methodology presents itself as a very useful instrument, as the intrinsic advantages that it has added to the characteristic that the experts who participate in the project can remain anonymous without detracting value from the conclusions obtained as these are grouped together according to their worth.

Financial Management and Control and Internal Audit System in the Public Sector in BiH

The introduction and implementation of finansijsko upravljanje i kontrola(FUK,financial management and control[FMC])in Federation of Bosnia and Herzegovina(FBiH)aims to incorporate a modern public internal financial control(PIFC)system into traditional public resources management models.This area is one of the reform areas in which Bosnia and Herzegovina(BiH)is obliged to harmonize the legislative framework and practice with the good practices and regulations recommended by the European Commission.The establishment and development of the PIFC are also an obligation of Bosnia and Herzegovina established by the Stabilization and Association Agreement between the European Community and the member states,of the one part,and Bosnia and Herzegovina,of the other part.The public internal financial control(PIFC)system focuses on enhancing transparency,financial discipline,and dedicated use of public resources,that is,transparent,economical,efficient,and effective management of public resources,and control of the use of those resources.The topic of this paper is“financial management and control in the public sector”where the aim is to show,through the conducted theoretical research,the level of achievement of the establishment of this system in public sector institutions in BiH.The European Union wants to direct all potential member countries towards development of internal controls in the use of their own resources,but also to create a control environment that would ensure the dedicated use of EU funds.In Bosnia and Herzegovina,there is no single legal framework in terms of a single law governing public internal financial controls.The contents of the applicable legal provisions at all three levels(BiH,FBiH,and Republic of Srpska[RS])are largely congruent thanks to the Coordination Committee of Central Harmonization Units(CHJs)in Bosnia and Herzegovina,through which the harmonization of regulations and practices in the development of public internal financial controls is ensured.

Using Python to Analyze Financial Big Data

As technology and the internet develop,more data are generated every day.These data are in large sizes,high dimensions,and complex structures.The combination of these three features is the“Big Data”[1].Big data is revolutionizing all industries,bringing colossal impacts to them[2].Many researchers have pointed out the huge impact that big data can have on our daily lives[3].We can utilize the information we obtain and help us make decisions.Also,the conclusions we drew from the big data we analyzed can be used as a prediction for the future,helping us to make more accurate and benign decisions earlier than others.If we apply these technics in finance,for example,in stock,we can get detailed information for stocks.Moreover,we can use the analyzed data to predict certain stocks.This can help people decide whether to buy a stock or not by providing predicted data for people at a certain convincing level,helping to protect them from potential losses.

The Trend of Scientific and Refinement of Financial Management in Business Units

In the new era,financial management has become increasingly sophisticated and has had a significant impact and change on various industries and fields.This paper analyzes the key significance of performance appraisal in institutions and proposes ways to enhance performance appraisal innovation,which will prevail in financial management innovation in institutions and upgrade the value of its applications.

Analysis on Supervision of the Internet Finance: A Case Study of Yu Ebao

By taking the hottest topic Internet financial product—Yu Ebao as an example,an in-depth analysis is made on its innovation and comparative advantages in this paper. Based on this,combing and sorting out the current related disputes regarding Yu Ebao supervision,putting forward views with evidence,clear requirement is made upon the attitudes towards supervision over Yu Ebao viewing from commercial banks and supervision aspects.

Collective Finance Models for Sustainable Water Projects

Waterbasin management is an exemplar problem of collective action, since many actors influence and are influenced by changes in a waterbasin. The present paper uses the example of finance of control of surface water run-off as an instance of (potential) collective action involving finance. Five innovative financing schemes for new waterbasin management infrastructures are assessed with respect to the actors who provide the finance and how the projects are governed: 1) financing through taxes;2) third-party financing;3) financing by stakeholders;4) financing through fullcost pricing;and 5) financing by developers and/or landowners.

The impact of working capital management on credit rating

This study investigates the possible nonlinear relationship between working capital and credit rating.Furthermore,it examines the relationship between the three components of working capital(inventory,accounts receivable,and accounts payable)and a firm’s credit rating.Employing data for U.S listed firms for the period between 1985 and 2017,the results of our ordered probit model show a nonlinear relationship between working capital and its components and credit rating.Finally,we find that the deviation from the optimal working capital adversely affects the credit rating.The results of this study are of significant importance for policy makers,managers,decision makers,and credit-rating agencies,as they help highlight the importance of working capital management for a firm’s credit rating.

How selected primary schools in rural New Zealand manage their financial resources of limited government funding in order to effectively meet their schools objectives

This study evaluates the extent to which primary schools in a region of New Zealand are challenged by limited funds to enable the effective management and performance of their school. The study involved interviews with school principals and analysis of their schools＇ financial statements. The aim of this project is to gain a current understanding of the issues and challenges facing primary schools in a defined region （Waikato） to see whether the trends identified in national research studies, confirms the problem that schools are underfunded. The results of the current study identified the issues experienced by the Waikato schools and in most cases supported previous research findings. The findings of the current study also suggest that schools share the dilemmas associated with limited government funding and rely significantly on local funding sources to achieve their basic objectives. Although schools may be effective in the management of their school objectives, there is more government funding required to relieve the pressures and challenges.

Research on Measures to Improve the Flexibility of Enterprise Finance System

Measures that can improve the flexibility of enterprise finance system generally involve human, organization, management and technology. This paper probes these measures thoroughly and systematically. It is of important practical value and theoretical significance.

Financing Decisions Analysis of E-commerce Supply Chain Finance for Fresh Agricultural Products in China

The supply chain finance(SCF)solutions are becoming increasingly diversified with the continuous perfection of the economic system.However,financing for small and medium sized enterprises(SMEs)is still a difficult issue waiting to be solved by enterprises and the government in China.SCF solutions based on e-commerce platforms have developed rapidly in China that provide an alternative for SMEs when few studies have been conducted on e-commerce SCF solutions which focus on fresh agricultural products.Therefore,this research focuses on the SCF solutions applicable to e-commerce enterprises of fresh agricultural products.

Implementation of Centralized Administration and Management of Funds in Enterprise Groups

Enterprise groups are characterized by multiple levels of enterprises with large scales of assets and complex business models.In the process of administration and management of funds,there are often some problems,such as unreasonable internal funds allocation,high financing costs,and flawed funds control.Centralized fund management is a tool for the overall allocation of intra-group fiinds and the coordinated management of group investment and financing.It can optimize the resource allocation of enterprise groups and reduce financing costs as well as capital risks.By selecting centralized fund management,establishing control and early warning system,as well as building information system and other steps,enterprise groups can better implement centralized fund management and improve their capital control.

Manager’s Characteristics, Debt Financing and Firm Value

Based on the behavioral finance theory and the upper echelons theory, this paper employs the data of China's A-share listed companies from 2008 to 2013 as research samples, and empirically tests the effects of managers with different characteristics on debt financing and firm value for enterprises of different ownership nature. Results of this study indicate that the debt financing of the listed companies in China can reduce the agency cost with a positive governance effect that promotes firm value. Male, better educated, short-tenured, and financially experienced managers are more likely to be overconfident and prefer debt financing. Specifically, the manager's age, level of education, and work experience can significantly promote the effect of debt financing on firm value. Compared with SOEs, private enterprises can improve their firm value more significantly through debt financing;the education and work experience of the managers of private enterprises are more positively correlated with debt financing and can more significantly improve firm value through debt financing. This paper's findings suggest that the manager's characteristics and firm ownership nature must be taken into account to reach valid conclusions on the governance effects of debt financing on firm value. Meanwhile, these conclusions help unravel the mechanism and economic implications of debt financing, and contribute to the improvement of the capital structure decisions and human resources management practices of China's listed companies. This study not only enriches the literature and empirical evidence on the correlation between managers' characteristics and firm financing, but indicate that managers' characteristics and firm ownership are important considerations for investigating the governance effects of debt financing on firm value and have a vital impact on the formulation and implementation of firm financing decisions.

基于业财会融合的管理控制系统重构

本文针对当前业财会融合研究中的热点问题,即业财会融合的内涵、种类、本质和系统构建问题进行了深入的探讨。笔者在界定“业”“财”“会”内涵的基础上,分别论述了业财融合、业会融合、财会融合和业财会融合四类融合的特点;指出了业财会融合的目的是实现价值管理与非价值管理的统一,业财会融合的本质是保证企业整体目标实现的管理控制系统;重构了基于业财会融合的管理控制系统,包括组织结构系统、信息沟通要素系统、控制目标分解系统、过程控制系统和评价激励系统。本文对创新和完善业财会融合理论和管理控制理论,指导企业建立业财会融合的管理控制系统具有重要价值。

基于业财融合的公立医院成本精细化管控研究

随着医保支付制度改革的深入,公立医院的发展方向从规模扩张转向提质增效,成本管理也亟需从粗放式管理转向精细化管控。目前,大多数公立医院的成本管控存在效率低、效果差的问题,必须建立健全成本精细化管控制度、成本管控信息系统、预算成本管理系统,优化成本核算方法,针对各项资源消耗情况制定成本精准化管控措施,并开展成本精细化管控评价,推动医院高质量和可持续发展。

以“数”谋“盈”:企业数字化转型对盈余持续性的影响研究

以2007-2021年沪深A股上市公司为研究样本,基于企业数字化转型的“治理效应”“信息效应”和“融资效应”,实证检验企业数字化转型对盈余持续性的影响及作用机制。研究发现,企业数字化转型可显著提高盈余持续性,其作用机制在于抑制真实盈余管理、提高信息透明度和缓解融资约束。从异质性视角来看,“底层技术运用”和“技术实践应用”均可显著提高盈余持续性;在非国有企业、成长性低的企业中,企业数字化转型对盈余持续性的影响更加显著。企业应该坚定实施数字化转型的信心,增强实施数字化转型的动力,以谋求持续稳定的收益。