摘要
西方流行的企业财务管理目标是“股东财富最大化”。近年来 ,我国理论界在此基础上 ,也提出了各种关于我国企业财务管理目标的理论 ,占主流的是“所有者财富最大化”和“企业价值最大化”。本文主要从理论分析 ,国际比较、实际运作三个层面进行分析 ,并结合我国财务管理实践 ,提出了我国企业财务管理目标的现实选择———企业价值最大化。
In the west,the popular financial management objective is to maximize wealth of shareholder.In recent years,all kinds of theories on enterprise's financial management objective is put forward.Maximum of owner's wealth and of enterprise's value are the mainstream.On the basis of analyzing theory,international comparison,actual operation and thinking over the practice of financial management of China,this paper comes to the conclusion that maximum of enterprise's value is the real selection of enterprise's financial management objective at present in China.
关键词
财务管理目标
所有者财富最大化
企业价值最大化
可操作性
中国企业
enterprise's financial management objective
maximum of owner's wealth
maximum of enterprise's value
maneuverabil
