财务管理答案（Financial management answers）.docVIP

财务管理答案（Financial management answers） First, the primary goal of business management is to maximize shareholder wealth rather than maximize corporate profits Why is what most shareholder wealth has advantages and disadvantages of the university? What are the advantages and disadvantages of enterprise profit maximization? 1-1. (1) compared to the profit maximization of shareholder wealth maximization goal has three advantages: considering the cash flow time value and risk factors, overcome the short-term behavior of the pursuit of profit and shareholder wealth reflects the relationship between capital and income; (2) through the enterprise investment tool model analysis, we can see that the goal of shareholder wealth maximization is to determine whether the correct standards of corporate financial decision-making; (3) the maximization of shareholder wealth is to ensure that the interests of other stakeholders as the premise. Profit maximization: it directly reflects the goals pursued by enterprises, and promotes enterprises to make rational use of all kinds of resources and create a lot of social wealth. Disadvantages: without considering the time value of funds, without considering the risk, often high profits mean high risk. The pursuit of profits often leads to short-term business behavior. The advantages of maximizing shareholder wealth: taking into account the time value of funds, taking into account risk factors, often the stock price will be sensitive to reflect the risk. Avoid the short-term behavior of enterprises. Disadvantages: the factors that affect the stock price are often many, so it is difficult to assess the level of enterprise management. Pay attention to the interests of shareholders, not enough attention to the interests of stakeholders. Non-listed company cannot be applied. Two, whether there is any contradiction between the interests of enterprise stakeholders and the interests of shareholders, how to solve them? 1-2 (1) the interests of the sta