公司经营目标解析

Probe into Stock-company's Objective

理论界对股份公司经营目标的认识与企业理论演进密切相关。由于历史和体制的原因,我国对公司经营目标的认识经历了曲折的过程,至今仍然存在混乱现象,以致有损公司长期发展和侵犯中小股东利益的现象频繁发生。本文通过梳理国内外有关公司及公司经营目标的认识演进,旨在阐明公司价值最大化或股东财富最大化是股份公司的经营目标。最后,深入研究公司价值及其影响因素,期望随着股份公司的规范运作和资本市场的不断完善,公司价值得到理论界、企业界和政府的高度重视。

Academe's understand of stock-company's objective is connected with the evolution of company theory. In virtue of history and system, understand of stock-company's objective undergoes devious course in our country, even nowadays there exist confusions in theory and phenomena related to damage company's development and corrade middle-small shareholders occurs continually. This paper reviews the evolution of the understand of firm and stock-company's objective, aiming at expounds that maximization of the total market value of the firm and maximization of wealth of shareholders is stock-company's objective. At last, the author probes into firm value and its impacting factors in order to make academe, corporations and government attach importance to firm value with the smooth run of stock-company and incessantly prefect.