基于投资者利益均衡视角的企业价值管理指标体系构建

Construction of Index System of Enterprise Value Management Based on the Perspective of Balanced Investors' Interests

考虑财务因素和非财务因素,从效率(公司盈利、投资者获得回报)和公平(同股同权即股东地位平等)两个方面,立足投资者利益均衡视角,构建了企业价值管理指标体系。该体系有助于中小投资者获得充分且对称的企业经营信息,规避市场投资风险,从而更好保护自身利益,使大中小投资者利益得到均衡。同时,该体系使企业价值管理定位更加清晰并符合中国这一新兴市场实际,有助于企业形成持续竞争优势和价值增值。

Based on the perspective of balanced investors＇ interests, the paper attempts to establish index system of enterprise value management from two perspectives of the efficiency and fair, fully considering financial factors and non-financial factors. The system can help small and medium-sized investors to take full and symmetrical information, avoiding market investment risk so as to protect their own interests better. At the same time, the system makes the position of enterprise value management more clearly and accords with the practice of China, and let enterprises to form sustainable competitive advantage and value appreciation.