Stakeholder Wealth Maximization and the Goal of Financial Management in China

DOI

10.2991/icassr-15.2016.140How to use a DOI?

Keywords

Stakeholder;Stakeholder wealth maximization; The goal of financial management

Abstract

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 3d International Conference on Applied Social Science Research
PB  - Atlantis Press
SP  - 502
EP  - 504
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.140
DO  - 10.2991/icassr-15.2016.140
ID  - Tian2016/08
ER  -