哈佛分析框架与企业财务分析外文文献翻译Word文档格式.docx

哈佛分析框架与企业财务分析外文文献翻译Word文档格式.docx

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原文+译文

文献出处：

AndrewG.ThestudyofHarvardanalysisframeworkandcorporatefinancialanalysis.AmericanJournalofsociology,2016,2（4）:

283-301.

原文

ThestudyofHarvardanalysisframeworkandcorporatefinancialanalysis

AndrewG

Abstract

Aneffectivefinancialanalysisframeworkshouldnotonlylearnhowtouseaccountingdata,andbegoodatusingtheaccountingdata.Enterprisestoimplementitsbusinessstrategyarebasedontheaccountingdata,andignoretheenterpriseenvironmentandstrategicanalysis.Thus,toamorecomprehensiveunderstandingofenterpriseoperatingperformance,butalsoextendsthetraditionalfinancialanalysisobjectbythefinancialstatementsfortheentirefinancialreportandrelatedinstitutionalenvironment,buildanewfinancialanalysisframeworkismoreandmorenecessary.Newanalysisframeworkshouldbemorewithstrategicvision,focusonthedevelopmentstrategyoftheenterprise,takestheenterprise'

scompetitiveposition,USESthemethodofmanagementrelatedproblemanalysis,financialstatementanalysisandanalysisoforganiccombinationofenterprisedevelopmentstrategy,analysisofenterpriseinternalandexternalmanagementenvironment,combinedwiththeoveralldevelopmentoftheenterprisestrategicandlong-terminterests,analyzethecontentofthemorewidelyandmorewide,totheenterprisemanagementdecisionmakingwillbemorevaluable.Harvardanalysisframeworkandharvardanalysisframeworkarisesatthehistoricmoment,standinginastrategicpointofview,isnotlimitedtothecompany'

sfinancialstatements,toanalyzetheopportunitiesandthreatsfromexternalenvironment,andtheenterpriseinternalstrengthsandweaknesses,theanalysisoffinancialsituationimprovedpredictionisscientific,pointedoutthedirectionoffuturedevelopmentfortheenterprise.

Keywords:

Harvardanalysisframework,theelectricpowerenterprise,strategy,financialanalysis

1Introduction

Thedevelopmentneedsofanenterprisefinancialanalysisforitshelp,financialanalysishasattractedtheattentionoftheenterprise,expertsandscholarsarealsoconstantlyexplorethesolutiontothefinancialanalysis,financialanalysisframeworkofresearchinrecentyears,moreandmore.Harvardanalysisisthesublimationoftraditionalfinancialanalysis,theframeworkfromthemanagementstrategyofenterprises,analyzesthefinancialdataoftheenterprise,accountinganalysis,findoutenterprisepossiblefalseresults,andthenadoptsomemethodstoimprovethequalityofaccountinginformation,andonthebasisoffinancialanalysis,realisticanalysisoftheresults,andthenforecasttheprospectoftheenterprise.Thetraditionalfinancialanalysisframeworkisinthelong-termpracticeoffinancialanalysisandtheoreticalsummaryandform,itismainanalysisobjectwithfinancialstatements,althoughjoinedthefinancialcomprehensiveanalysismodelorsystem,butstillwithquantitativeanalysisasthebasiccharacteristicsofneglectorsomeimportantfinancialinformationcannotbeeffectivelyincorporatedintothe analysisframework.Traditionalanalysisframeworkismainlyanalysisenterprise'

sfinancialstatements,isbasicallyastateof"

reportonreport"

.Andcommonlyusedanalysismethodsmainlyincluderatioanalysis,comparativeanalysis,trendanalysisandDuPontfinancialanalysissystem,etc.,mainlythroughthecalculationandcomparisonofthefinancialstatementdata,drawthecorrespondingindexdata,thentheresultsofcomparativeanalysisandfactoranalysis,heavy"

quantity"

isnot"

quality"

thelackofthenatureoftheanalysisofaproblem.Traditionalanalysis,withemphasisontheinternalsituation,themainprocessflowsoftheenterprise,assetutilizationability,debtpayingability,profitabilityanalysis,andignoretheexternalbusinessenvironment.Andanalysisbasedonfinancialstatementsandfinancialstatementsisasummaryofthebusinessinthepast,andthisanalysishastheobviouslag.Thetraditionalfinancialanalysisframeworktoanalyzethedataontheenterpriseaccountingstatementscannothave

satisfiedtheneedsofthedevelopmentofenterprisesnow.2Literaturereview

Commonmethodsoffinancialanalysiscanbesummarizedasthreekinds:

DuPontfinancialanalysismethod,economicvalueaddedandbalancedscorecardmethod.DuPontfinancialanalysismethodtheenterprisenetassetsyieldleveldecompositiontotheproductofanumberoffinancialratios,byusingtheinnerrelationship betweenfinancial indicators,comprehensivemanagement of theenterprisefinancialmanagementsystemandtheeconomicbenefitofthisevaluation.Itcanhelpenterprisemanagementmoreclearlyseethedeterminantsofreturnonnetassets,andthesalesnetprofitmarginandtotalassetturnover,thecorrelationrelationshipbetweenthedebtratio,p