摘 要：在全球经济一体化和市场竞争加剧的背景下，企业财务战略与战略联盟的结合成为提升竞争力的重要途径。本研究旨在探讨企业财务战略对战略联盟财务效应的影响机制及其优化路径。通过构建理论模型并运用实证分析方法，选取2010年至2022年间中国A股上市公司数据进行研究，结果表明，合理的财务战略能够显著增强战略联盟的协同效应，具体体现在资源优化配置、风险分散能力和盈利能力提升等方面。此外，研究发现企业财务战略的灵活性与联盟伙伴选择的匹配度是决定财务效应的关键因素。本研究的创新点在于将动态财务战略纳入战略联盟的研究框架，并首次量化分析了财务战略与联盟绩效之间的非线性关系。这一成果不仅丰富了企业财务战略与战略联盟的理论体系，还为企业在联盟管理中制定更高效的财务决策提供了实践指导。
关键词：企业财务战略；战略联盟；财务效应
Abstract：In the context of global economic integration and intensified market competition, the integration of corporate financial strategy with strategic alliances has become a crucial approach to enhancing competitiveness. This study aims to explore the influence mechanism of corporate financial strategy on the financial effects of strategic alliances and its optimization pathways. By constructing a theoretical model and employing empirical analysis methods, data from Chinese A-share listed companies between 2010 and 2022 were selected for investigation. The results indicate that a well-designed financial strategy can significantly strengthen the synergistic effects of strategic alliances, specifically in terms of resource optimization, risk diversification capabilities, and profitability enhancement. Furthermore, the study reveals that the flexibility of corporate financial strategy and the compatibility of alliance partner selection are key determinants of financial effects. The innovation of this research lies in incorporating dynamic financial strategies into the fr amework of strategic alliance studies and quantitatively analyzing the nonlinear relationship between financial strategy and alliance performance for the first time. This achievement not only enriches the theoretical system of corporate financial strategy and strategic alliances but also provides practical guidance for enterprises to formulate more efficient financial decisions in alliance management.
Keywords: Enterprise Financial Strategy；Strategic Alliance；Financial Effect
目 录
引言 1
一、企业财务战略的理论基础 1
(一)财务战略的核心概念 1
(二)财务战略与企业战略的关系 2
(三)财务战略对企业价值的影响 2
二、企业战略联盟的财务特征分析 3
(一)战略联盟的基本形式 3
(二)战略联盟的财务动因 3
(三)战略联盟的财务风险评估 4
三、财务战略在战略联盟中的应用研究 4
(一)资本结构优化与联盟效率提升 4
(二)投资决策对联盟绩效的影响 5
(三)融资策略与联盟资源分配 5
四、企业战略联盟的财务效应实证分析 6
(一)财务效应的衡量指标体系 6
(二)联盟财务效应的案例研究 6
(三)财务效应的影响因素分析 7
结论 7
参考文献 8
致谢 8
关键词：企业财务战略；战略联盟；财务效应
Abstract：In the context of global economic integration and intensified market competition, the integration of corporate financial strategy with strategic alliances has become a crucial approach to enhancing competitiveness. This study aims to explore the influence mechanism of corporate financial strategy on the financial effects of strategic alliances and its optimization pathways. By constructing a theoretical model and employing empirical analysis methods, data from Chinese A-share listed companies between 2010 and 2022 were selected for investigation. The results indicate that a well-designed financial strategy can significantly strengthen the synergistic effects of strategic alliances, specifically in terms of resource optimization, risk diversification capabilities, and profitability enhancement. Furthermore, the study reveals that the flexibility of corporate financial strategy and the compatibility of alliance partner selection are key determinants of financial effects. The innovation of this research lies in incorporating dynamic financial strategies into the fr amework of strategic alliance studies and quantitatively analyzing the nonlinear relationship between financial strategy and alliance performance for the first time. This achievement not only enriches the theoretical system of corporate financial strategy and strategic alliances but also provides practical guidance for enterprises to formulate more efficient financial decisions in alliance management.
Keywords: Enterprise Financial Strategy；Strategic Alliance；Financial Effect
目 录
引言 1
一、企业财务战略的理论基础 1
(一)财务战略的核心概念 1
(二)财务战略与企业战略的关系 2
(三)财务战略对企业价值的影响 2
二、企业战略联盟的财务特征分析 3
(一)战略联盟的基本形式 3
(二)战略联盟的财务动因 3
(三)战略联盟的财务风险评估 4
三、财务战略在战略联盟中的应用研究 4
(一)资本结构优化与联盟效率提升 4
(二)投资决策对联盟绩效的影响 5
(三)融资策略与联盟资源分配 5
四、企业战略联盟的财务效应实证分析 6
(一)财务效应的衡量指标体系 6
(二)联盟财务效应的案例研究 6
(三)财务效应的影响因素分析 7
结论 7
参考文献 8
致谢 8
