论金融市场效率对企业财务目标选择的约束  

On the Restriction of Financial Market’s Efficiency on the Selection of Enterprise’s Financial Objective

作　　者：吴金光[1] 陈曜[2] 

机构地区：[1]湖南大学会计学院,长沙410079 [2]厦门大学经济学院,厦门361005

出　　处：《上海立信会计学院学报》2005年第1期35-39,共5页Journal of Shanghai Lixin University of Commerce

摘　　要：　企业价值最大化是国外普遍承认的财务目标,近年来在国内也得到了广泛的认同。文章以金融市场为视角来展现财务目标演变的历史线索,从中揭示了财务目标的金融约束,并论证了完全金融市场中各种财务目标的同一性,指出我国财务目标选择不应该跨越当前不完全金融市场条件的制约。The Maximization of enterprise value is a financial objective extensively recognized abroad,as well as in our country in recent years. From the angle of the financial market,this essay,guided by the evolvement clue of financial objective,shows the restriction of financial market on financial objective and demonstrates the consistency of various financial objectives in complete financial market.It is suggested in the paper that the selection of financial objective on our country should not deviate from the restriction of the incomplete financial market at present.

关 键 词：财务目标 金融市场 价值操纵 

分 类 号：F830.9[经济管理—金融学]