Advice on economic value maximization of the companies for re - structuring , financing , selling and buying ; and 為增加經(jīng)濟(jì)價(jià)值的企業(yè)重組出售及收購提供策略與意見
Financial object is the identity of institute and technology . the stakeholde ' s finance governance is the institutional basic of corporate value maximization 財(cái)務(wù)目標(biāo)是制度性與技術(shù)性的統(tǒng)一,企業(yè)價(jià)值最大化的制度基礎(chǔ)是利益相關(guān)者財(cái)務(wù)治理。
Carried on the historical review to the enterprise financial strategy theory and the method , the perspective left the enterprise financial strategy the goal - shareholder value maximization 對企業(yè)財(cái)務(wù)戰(zhàn)略理論與方法進(jìn)行了歷史的回顧,透視出企業(yè)財(cái)務(wù)戰(zhàn)略的目標(biāo)?股東價(jià)值最大化。
Based on value maximization , a value - oriented evaluation system of the transformation performance on chinese telecom companies is established by applying tsoe competition evaluation system 運(yùn)用tsoe競爭評價(jià)體系,以企業(yè)價(jià)值最大化為目標(biāo),構(gòu)建了價(jià)值導(dǎo)向的中國電信企業(yè)轉(zhuǎn)型績效評價(jià)體系。
This kind of phenomenon deviated the basic perspective of the modern capital structure theory . under the meaning of traditional enterprise value , deviated the optimal capital structure of enterprises value maximization 這種現(xiàn)象偏離了現(xiàn)代資本結(jié)構(gòu)理論的基本觀點(diǎn),在傳統(tǒng)企業(yè)價(jià)值涵義下,偏離了價(jià)值最大化的最優(yōu)資本結(jié)構(gòu)。
In general , owners " aim is their enterprise value maximization . enterprise value may be regarded as the result of the manager ' s ability and the degree of effort using the resource and opportunity of enterprise 一般地,所有者的目標(biāo)是企業(yè)價(jià)值最大化,而企業(yè)價(jià)值可以看作是經(jīng)營者運(yùn)用企業(yè)所擁有的資源和機(jī)會的能力和努力程度的結(jié)果。
This dissertation carried on the thorough analysis to this phenomenon from the financial flexibility , and proposed the expanded enterprise value theory , showed enterprise ' s goal should be the expanded enterprise value maximization 本文從企業(yè)融資靈活性的角度對這種現(xiàn)象進(jìn)行了深入的分析,并提出了擴(kuò)展的企業(yè)價(jià)值理論,說明了企業(yè)的目標(biāo)應(yīng)該是追求擴(kuò)展的企業(yè)價(jià)值最大化。
However , in the imperfect market , the existence of tax , transaction friction , information cost , information asymmetry and agent cost indicates that risk management will directly affect the value maximization goal of the firm mid then increase firm ' s value 然而,不完全市場條件下,稅收、交易摩擦、信息有償獲得、信息不對稱以及代理成本等因素的存在表明,風(fēng)險(xiǎn)管理會直接影響到公司價(jià)值最大化的目標(biāo),公司層面的風(fēng)險(xiǎn)管理能夠增加公司價(jià)值。
Along with the financial theory development , went on the market company ' s ultimate objective is realizing the shareholder value maximization viewpoint to obtain the universal approval , this request weighting company value target had accurately to reflect company value which created for the shareholder 隨著財(cái)務(wù)理論的發(fā)展,上市公司的最終目標(biāo)是實(shí)現(xiàn)股東價(jià)值最大化的觀點(diǎn)得到了普遍認(rèn)可,這就要求衡量公司價(jià)值的指標(biāo)必須準(zhǔn)確反映公司為股東創(chuàng)造的價(jià)值。
Therefore , attention should be paid to tax - planning in m & a so as to reduce the m & a and lighten the tax burden . the tax planning in m & a is an advanced and reasonable plan to choose the object and finance . it can help the company reduce the cost and achieve the goal of value maximization 企業(yè)并購中的稅收籌劃則是從稅務(wù)角度對目標(biāo)企業(yè)的選擇、出資方式及融資行為等并購活動進(jìn)行科學(xué)、合理的事先籌劃和安排,盡可能減少企業(yè)納稅成本,實(shí)現(xiàn)企業(yè)整體價(jià)值最大化。