Parent and Subsidiary Financial Control

Author: Shang Yanguo
Publisher:
Publish Date: 2005-01-01
Features: In the system of parent and subsidiary company control, financial control is the core, organizational and process control is the process, and risk control is the purpose. Due to the existence of "sunk costs," controlling risks is more important than making profits for group enterprises. This book starts from the perspective of property rights relationships and, based on the theory of corporate governance, explores and establishes a set of investor accounting systems to improve the incentive and constraint mechanisms of group companies.