企业现金预算管理的研究

首都经济贸易大学硕士学位论文企业现金预算管理的研究姓名：刘颖申请学位级别：硕士专业：@指导教师：张加伦@14()240-31-121-53420071144142111()24212182020201975W.T.Grant3422070EugeneFamaJensenJensen205060802090,,,,;,44213145422212112005200558,31420032004200515114,100105,10055,70024,5005,0002.1.1.16422.1.1.22.1.1.3,7422122.1.2.12.1.2.22003,(3)8422.1.2.32.1.2.4229422.2.12.2.2,2003(3)10422.2.32.2.411423313.1.13.1.21242323.2.13.13.113423.2.23.23.314423.2122.12.1.12.1.22.22.2.12.2.22.32.3.12.3.22.3.333.13.1.13.1.23.1.33.1.43.1.53.1.63.1.73.1.83.23.2.13.2.23.33.3.13.3.23.3.3415423.3122.12.1.12.1.22.22.2.12.2.22.32.3.12.3.22.3.333.13.1.13.1.23.1.33.1.43.1.53.1.63.1.73.1.83.23.2.13.2.23.33.3.13.3.23.3.34164244.14.1.14.1.1.12001174214.1.1.22003,(4)18424.1.219424.1.34.1.40-31-121-520424.1.54.1.621424.24.2.122424.2.1.1freecashflowFCF4.2.1.2+4.1+4.22342FCF-4.34.14.24.3(FCF)(NOPAT)-4.44.2.24.2.2.1--4.5AFN=(A*/S0)S-(L*/S0)S-MS1(RR)AFN=A*AA*A=A*AA*S0A*/S01L*L*LL*/S01S1SM1RR2442S(A*/S0)4.51A*/S0capitalintensityratioL*/S0MRR4.54.2.2.2A*/S0L*/S04.1I/S4.1b200001.5300/2001.5150400001.0400/4001.00100b25424.1c400I/S30020010002004000200400a.b.FA/SI/S300424225150300()75AB0200400050100200300c.d.4.12642lumpyassets4.1d7500100007500FA/S4.1dA50007500FA/S7500/50001.5500010000BFA/S7500/100000.75100004.1abcd4.1b2000030000400004000030000400003000035000500010000100004.2.34.2.3.12742()4.24.228424.2.3.2HRLR=33b2/(4i)+L4.6H=3R-2Lb—i——4.2.4)2942()FDE0AB4.330421DAFB2AB(DEF)A,B3A=4.74.8==(+)4.9=(+)4.104.331424.3.1:::3242,,,,,,,,4.3.1.1()----------------()3342——————————4.3.1.234424.3.24.3.2.135424.3.2.236424.3.2.3BSCBalanceScoreCard3742384239425ERPFLCS2007114042[1]2004[2]2007[3]WilliamR.Lalli,HandbookofBudgeting,2007[4]LawrnessB.Sawyer.ElementsofManagement-OrientedAuditing.Florida,1996.[5]Chenhall,Adoptionandbenefitsofmanagementaccountingpractices:anAustralianstudy,ManagementAccountingResearch,9,1998.[6]Chenhall,Managementcontrolsystemsdesignwithinitsorganizationalcontext:findingsfromcontingency-basedresearchanddirectionforfuture,Accounting,organizationandsociety28,2003.[7]HopeandFraser,1997,BeyondbudgetingBreakingthroughthebarrierto“thethirdwave”,ManagementAccounting(December).[8]2007[9]2004[11]2004[12]2002[13]20018[14]20014[15]20033[16]Kaplan,R.SandNorton,D.P.2001,LinkStrategytoPlanningandBudgeting,HBSPaper..[17]Scapens,1994,Nevermindthegaptowardsainstitutionalperspectiveonmanagementaccountingpractice,ManagementAccountingResearch,5[18]20059[19]1999[20]2004[22]20033[23]200184142[24],200410[25]2005[26],200312[27]20034[28]2005[29]20023[30]20033[31]O’Connor,N.G.,Chow,C.W.andWu,A.,2004,Theadoptionof“Western”managementaccounting/controlinchina’sstate-ownedenterprisesduringeconomictransition,Accounting,OrganizationandSociety29:349-375.[32],20045[33]20029[34],20067[35]200612[36]2004[37],20051[38],20049[39],20044[40],,,2006[41][42]EugeneF.Brigham,JoelF.Houston.FundamentalsofFinancialManagement,2004[43]DenisR.Towill,IndustrailDymamicModelingofSupplyChina,LogisticsInformation,1996,9(4).4242企业现金预算管理的研究作者：刘颖学位授予单位：首都经济贸易大学本文链接：