财务管理目标.doc

目录
摘要······································································3
一、财务管理目标························································4
二、现代企业财务管理目标的几种观点···································4
(二)关于股东财富最大化··············································4
(一)利润最大化·······················································4
(三)每股收益最大化···················································5
(四)企业价值最大化···················································5
(五)经济效益最大化···················································6
(六)企业经济增加值率最大化··········································6
(七)资本配置最优化···················································6
三、各种财务管理目标的初步评价······································· 6
(一)股东财富最大化不符合我国国情···································6
(二)企业经济增加值率最大化的科学性值得推敲·····················7
(三)资本配置最优化过于抽象··········································7
四、国际比较借鉴······················································· 7
五、我国企业财务管理目标的选择········································8
(一)企业目标决定财务目标············································ 8
(二)企业价值最大化充分体现了各利益主体的利益····················· 9
(三)企业价值最大化符合我国国情······································9
六、结论··································································10
致谢······································································ 11
参考文献··································································12

摘要
企业财务管理目标的定位一直是企业管理和财务管理研究方面的重要课题。在我国社会主义市场经济体制逐步建立的背景下, 企业财务管理的作用越来越重要, 但不断发展的经济环境给它带来的冲击也是巨大的, 如何全面的考虑、准确定符合实践活动的财务管理目标是财务管理活动的首要问题。对于企业财务管理目标,目前理论界有许多看法,最具有代表性的主要有:利润最大化,资本利润最大化,股东财富最大化等,,认为现阶段应将企业价值最大化作为企业财务管理的目标。
关键词:财务管理目标;企业价值最大化
财务管理目标
财务管理是一项组织企业资金运动、协调企业同有关方面财务关系的管理活动,在现代企业管理中具有举足轻重的作用。由于企业在财务管理实践中必定以财务管理目标为导向财务决策,因而财务管理目标是企业财务管理工作的基础和归宿。财务管理目标又称“理财目标”,是指企业在特定环境中,通过组织财务活动、处理财务关系等财务管理工作所要达到的目的。财务管理目标是企业进行有效的财务管理活动的前提,是企业进行财务活动的方向和目标,是企业理财活动所希望产生的结果,是评价理财活动是否合理的基本标准。一个合理的财务管理目标应当具备可计量性、一致性、阶段性特征。财务管理系统作为企业管理系统的一个职能系统, 其目标具有特殊性和综合性,财务管理目标的实现程度直接影响到企