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“Maximization of share holder wealth”or “Maximization of enterprises vlaue”

by Feng jin  
This article discusses the choice of enterprises f inancial objective in intellectual economic time.Maximization of enterprises v alue and of share holders wealth are common accepted ideas among financial c ircle.Someone thinks these two ideas actually the same.This article points out t hat they are not one concpt through using modern enterprise theory and that hu man resource is more important than traditional financial capital in intellectua l economic time,correspondingly,enterprises financial objective is maximizatio n of enterprises value instead of maximization of share holders wealth.
【CateGory Index】: F275.5
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