从企业财务分析的视角论企业所有权的最佳配置  

Financial Analysis on the Optimum Distribution of Enterprises Property Rights

作　　者：傅玲[1] 

机构地区：[1]湘潭大学商学院,湖南湘潭411105

出　　处：《财经理论与实践》2008年第2期73-75,86,共4页The Theory and Practice of Finance and Economics

基　　金：国家社科基金项目(07BJL010)

摘　　要：从财务分析的角度对人力资本所有者具有获得企业所有权的合理性和必要性的分析表明,股东因提供了企业永久使用的、重要的经济资源,也应该获得企业所有权,供应商、借款人、国家等其他主要利益相关者应维持现有的收益权和控制权。因此,人力资本所有者和股东分享企业主要的"控制权"和"收益索取权"是企业所有权的最佳配置。Who own the enterprises, the stockholders, the manager, or the stakeholders？ The paper discusses that it is reasonable and necessary for the owner of human capital has part of the enterprises property rights from financial analysis angle. The stockholders should also possess of part of the property rights because they have invested important economic resources to enterprises. The other important stakeholders, such as the suppliers, the creditor, the government, should maintain their existing fights. So, the human capital owners and the stockholders sharing the major control rights and residual rights is the optimum distribution of enterprise property rights.

关 键 词：财务分析 产权配置 人力资本所有者 利益相关者 

分 类 号：F275[经济管理—企业管理]