企业财务管理目标中的变革:EVA最大化

The Transform of the Objective of Financial Management:EVA Maximization

本文在介绍了 EVA 相关理论的基础上,论证企业财务管理目标可以重新归结为 EVA 最大化。因为在这一层面上,各利益相关方达成了共识,降低了代理成本,减少了“外部性”损失,从而比较圆满地完成了财务管理目标所应具有的协调、统一功能,也使目标发挥出了明确的方向引导作用。

Based on the introduction of the theory of EVA, this article demonstrates that EVA can afresh coordinate all the objectives of financial management on EVA maximization. With EVA maximization, the parties achieve the mutual interest of reducing the cost of agency and decreasing the loss from exterior. So the objective of financial management can fulfill the function of coordination and unification perfectly, and lead to the right direction specifically.