摘要
本文基于企业经营目标对价值管理理论的总体影响,系统梳理了价值管理理论从股东价值管理、利益相关者价值管理到市值管理的变迁过程。作者认为,企业经营目标不但决定了价值管理理论的性质和结构,而且对其从价值创造、价值实现到价值经营的研究路径变迁产生了重要影响。随着价值管理研究路径的融合,在未来研究中完善理论框架,关注管理模式的有效性检验,结合宏观经济、企业组织和公司金融的研究成果将是该领域深化研究的方向。
Based on business goal's overall influence on the theory of Value Based Management(VBM),this paper introduces the processing among value based stockholder management,value based stakeholder management and market value management.The author believes business goal not only determines the character and structure of VBM,but also has significant positive effects on its research path changes with value creation,value materialization and value operation.With the path confluence of VBM,the author points out the trend in VBM research will be perfect framework and concern with validation of management model combined fruits with macro-economy,enterprise organization and corporate finance.
出处
《会计研究》
CSSCI
北大核心
2010年第4期74-81,共8页
Accounting Research