对实现企业总体价值最大化的思考

Reflection of Maximizing the Whole Enterprise's Value

在企业财务管理目标的确定中,企业总体价值最大化是最受人们关注的。而对这一目标的理解,又有着多种不同观点。本文仅从"企业是多关联方契约总和"的理念出发,提出企业多方利益主体价值最大化的观点;还分析了不同利益主体在重大财务活动方面的行为,揭示其差异,为完善财务管理目标,即企业总体价值最大化目标的实现提供参考。

There are a few viewpoints of understanding the maximum of the whole enterprise's value.From the concept of the enterprise is a contracted summation,this puts forward the viewpoint of maximizing various parties' interest and analyses the behavior of different enterprise's financial activity and reveal their difference to perfect the target of financial management.