企业集团财务资源协同管理效应的度量

本文以集团企业的现金流量表及其特性为基础，揭示了集团资产、负债和权益协同管理与集团现金流协同效应的关系，建立了度量经营活动现金流协同效应的模型，分析了模型中效应参数之间的关系。同时，提出了企业集团的投资现金流和融资现金流协同效应度量的命题。最后，对企业集团智力资产对经营活动现金流协同效应的贡献进行探讨。这些模型和命题的创立为企业集团度量和分析协同管理效应提供了一套便利的方法。

Measurement of Synergic Management Effect of Financial Resources in Firm Group

This paper try to discover the relationship between synergic management effect between assets-liabilities and cash flow, and to establish an measurement model for synergic management effect of operation cash flow in a firm group, and to discuss the relationship between two synergic parameters in our model, and to demonstrate some propositions of synergic effect in cash flow. Finally, we derive a proposition on the operation cash flow contribution of intellectual assets in synergic management effect of firm group. Our models and propositions will facilitate synergic effect research and the effective management of the synergic management process.