摘要
始自次贷危机的金融风暴正在全球肆虐,众多声誉卓著的世界知名公司轰然倒塌,其中最为引人注目的当属华尔街五大投资银行的消失。究竟是什么原因导致了如此严重的后果?通过选取投资银行倒闭案中比较有代表性的贝尔斯登案例进行研究,发现投资银行消亡的直接杀手是现金流断流。而在这一直接原因的背后存在着鲜为人知的"幕后杀手"。通过使用案例研究以及由具体到一般的研究策略,探寻出了企业现金流管理的一般规律。
Originated from the sub-prime mortgage crisis,the financial turmoil is a global epidemic.A great deal of world-renowned companies collapsed with a burst one by one.In the case of these failures,the most notable was undoubtedly the loss of five major Wall Street investment banks.What causes such a serious consequence? Through the collapse of Bear Stearns case studies,we find that the investment banks' direct killer is cash flow drying.However,there are still many causes behind this direct cause.Through the use of case study and from the specific to the general research strategy,we begin to explore the general rule of cash flow management
出处
《审计与经济研究》
CSSCI
北大核心
2010年第5期54-60,共7页
Journal of Audit & Economics
基金
教育部应急课题(2009JYJR019)
教育部人文社会科学研究项目(08JA630036)
国家自然科学基金(70972039)
关键词
金融危机
现金流断流
贝尔斯登破产
现金流管理
Bear Stearns bankruptcy
financial crisis
cash flow drying
cash flow management
