论财务管理目标的选择

在我国的财务管理理论中,关于企业理财的目标有多种观点,其中利润最大化、股东财富最大化、企业价值最大化等目标最具有影响力和代表性。它们对企业价值的评价有其合理的一面,但也存在缺陷。财务管理环境对理财目标模式有重大影响,真实评价财务业绩及价值已成为财务管理目标问题的核心。可以采用企业经济增加值最大化为财务目标,衡量企业资本可持续有效增值。

On the Choice of the Goals of Financial Management

There are different views about the goals of financial management in the existing theories, of which the maximum benefit for the share-holders and the maximum benefit for the enterprise are the most influential but not perfect. The environment of financial management has great influence on the model of financial goal and a correct evaluation of the financial achievements and value has become the core in this aspect. The author concludes that the maximum economic growth is the very standard for evaluating the sustainable growth of the enterprises' capital.