Stakeholder Wealth Maximization and the Goal of Financial Management in China
Jin-yu Tian, Zi-yuan Zhang
Available Online August 2016.
- https://doi.org/10.2991/icassr-15.2016.140How to use a DOI?
- Stakeholder;Stakeholder wealth maximization; The goal of financial management
- The goal of financial management is one of the basic theoretical issues of financial management. It is also an issue of great concern among finance circles home and abroad. The purpose of this paper is to study stakeholder wealth maximization and the choice of financial management target in China. This paper firstly discusses about the main ideas of the financial management goals, and evaluates the advantages and disadvantages of various viewpoints; then introduces the stakeholder theory. Finally, according to our country national conditions, the paper holds that stakeholder wealth maximization is the rational choice for the goal of financial management. In addition, stakeholder wealth maximization is the goal that suits China.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Jin-yu Tian AU - Zi-yuan Zhang PY - 2016/08 DA - 2016/08 TI - Stakeholder Wealth Maximization and the Goal of Financial Management in China BT - 3d International Conference on Applied Social Science Research (ICASSR 2015) PB - Atlantis Press SP - 502 EP - 504 SN - 1951-6851 UR - https://doi.org/10.2991/icassr-15.2016.140 DO - https://doi.org/10.2991/icassr-15.2016.140 ID - Tian2016/08 ER -