摘要
长期以来,作为公司的目标,是利益相关者价值最大化还是股东财富最大化,在公司发展历程的不同阶段交替主导着企业。同时,它们也始终是经济界、法律界和实务界以及社会团体颇具争议的话题。是否它们就是非此及彼的、不能相互兼容?分析两种观点的渊源及其理论支撑,能从深层面更完整的评价其存在的合理性。在现有的法律框架下,以效率为出发点,可以把管理者引向更加关注公司的长期市场价值。
For a long time, whether taking the maximum profit of the stock - holders or the value of the interest - related persons as the company goal varies at different stages and causes controversies among the scholars and persons concerned. They might be complimentary. An objective study of their origins and theoretical foundation will give a better evaluation of its rationality. Guided by the existing law, efficiency will lead managers to focus on the long - term market value of the company.
出处
《云南民族大学学报（哲学社会科学版）》
CSSCI
北大核心
2007年第3期71-75,共5页
Journal of Yunnan Minzu University(Philosophy and Social Sciences Edition)
关键词
利益相关者
股东财富
长期市场价值
最大化
interest - related person
stock - holder
wealth
long - term market value
maximum
