Research On The Enterprise Financial Goal

The goal is a basic theoretical question of financial administration of enterprise that summary enterprise finance matters,moreover it is a result hoped to realizing of the enterprises economy activity. It is a rational basic standard to appraise enterprises economy activity. Different financing goal will produce different financial administration operating mechanism. Therefore confirming enterprise reasonable finance administration goal for perfecting enterprise's financial management theory , optimizing enterprise's financial administration behaviour and actualizing benign cycle of the financial administrative system has great realistic meanings. Thus the author attempts to make some contribution in studying about this question with this thesis.Part of the introduction of chapter one of this text has explained the studying purpose meaning of this subject, some of innovation of goal and the content ,a subject of studying overview commenting both at home and abroad , innovation clicking and expectancy achievement.Chapter two of this text studies mainly the question that the goal is fixed, which is the most important problem in the enterprise finance administration goal reas . The beginning in this chapter has explained the historical evolution of the goal theory and current situation that square enterprises in the midwest enterprise finance matters, and to enterprise finance administration theory representative odd view carry on evaluation and analysis at present (including mainly " economic benefits maximizing " , " stockholder finance maximizing " , "enterprise value maximizing "). Then the author proposes distinctly that enterprise finance administration goal is that " stockholder finance maximizing ", for prove argument this, I put forward enterprise finance administration theoretical foundation - agency by agreement theory that goal exists at first, then the most popular " enterprise value maximizing " in the goal has been queried to enterprise finance matters at present from three respects, then it explains to go on " stockholder finance maximizing " goal misunderstanding in the circle store from three respect at present.Chapter three of this text explains its another important problem of the enterprises finance administration theory,which is how enterprise finance administration goal establishing influences on the investing and financing decision. In the impact on enterprise's financing decision, this text describe it from three respects including the enterprise control power shift, the trust influence of franchise and the company mechanism .In the impact on enterprise's investment decision , by the exposition of stockholder's value management correctly, we incorporate the basic idea to the investing operation of the enterprises.Chapter four of the text explains its another important problem of the enterprises finance administration theory, which is the assessment question of the finance administration goal. On this problem, I regard stock price as the assessment index of the " stockholder finance maximizing " mainly, the finance administration goal assessment issue is described clearly from the three respects including why stockprice is regarded as share-issuing enterprise finance administration goal assessment standard the discussion of the deviation of the stock price and stock value and what we notice and solve problem when we regard stock price maximizing as " stockholder finance maximizing " assessment standard.