journal6 ›› 2006, Vol. 27 ›› Issue (3): 122-125.

• Economics • Previous Articles     Next Articles

Analysis on Financing Function from Institutional Economics


  1. (College of Accounting,Hunan University,Changsha 410079,China)
  • Online:2006-05-25 Published:2012-09-11

Abstract: Enterprise can be considered as a productive or technical organization,a mechanism to promote and adjust the scarcity-value of economical goods,and a special carrier of the union of property rights and “team production”,which describe its natures from three different beddings.On these beddings,actually its activities are executed through different sorts of transactions,so it can be comprehended as “an intensive institution of transactions”.Accordingly,enterprises’ financing activities are performed through bargaining transactions,managerial transactions,and rationing transactions,taking shape three forms or mechanisms of allocating its financial resources,performing actual functions of financing operating,financing managing,and financing governing,which make up jointly the basic financing function,namely,allocating financial resources.

Key words: transaction, bargaining, managerial, rationing, financing function

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