公司价值最大化应该是股东价值最大化。
The maximization of company value should be the maximization of shareholder value.
传统公司理论认为公司的唯一目标是赢利，股东价值最大化是公司的追求目标。
The traditional corporate theory holds that corporations regard profit as the sole target and thus they concentrate on profit maximization for stock-holders.
他们宁愿管理，拥有大量的股票，因为它们具有相同的诱因为股东价值最大化。
They prefer management that owns a lot of stock as they have the same incentive as shareholders to maximize the value.
虽然PAI的目标是实现股东价值最大化，但农民们更关心的是要有一家能够与之合作的伙伴。
While PAI's aim is to maximise value for its shareholders, the farmers are more interested in a partner they can work with.
但是，追求将股东价值最大化会遇到几个实际问题，在利益相关者之间也会产生严重的利益冲突。
But again, seeking to maximize shareholder value runs into several practical problems as well as severe conflicts of interests among stakeholder groups.
安妮相信被收购后，借助通用磨坊公司的规模和资源肯定会有助于安妮股东价值最大化和改善扩张机会。
They know that "partnering with a company of General Mills' scale and resources" will definitely help to maximize stockholder value and improve expansion opportunities.
不能承担风险或者规避风险，尽管风险是在该组织的风险偏好范围内，将导致业绩差和不能使股东价值最大化。
A failure to take risk or avoiding risk even though it would be within the organization's assumed risk appetite will lead to underperformance and a failure to optimize stakeholder value.
因此重塑我国上市公司首先必须重塑我国上市公司的目标理念，树立股东价值最大化的意识，一切经营和管理均应围绕价值创造来进行。
Mostly transformed from the state-owned enterprises, Chinese listed companies are severely deficient in the concept of serving for shareholders and value management.
之间的区别是什么股票价格的最大化，公司价值最大化和股东财富的最大化？
What is the difference between stock price maximization, firm value maximization and stockholder wealth maximization?
资金侵占和现金股利同是大股东实现自身股权价值最大化的方式，两者具有相互替代性(负相关)。
Both the embezzlement and the cash dividend are the ways to maximize the value of shares by the biggest shareholders. Both of them are replaceable (negative correlation).
有效的报酬激励机制，能协调经理与股东的目标，使经理努力实现企业价值最大化。
An effective remunerative impellent mechanism can harmonize the target of managers with that of stock holders and make managers realize the enterprises maximized value.
在衡量价值创造的各种指标中，MVA、TSR、ER是以股东财富最大化为目标的指标，不适合用来作为价值创造管理的核心指标。
MVA, TSR and ER are to maximize shareholder wealth as targets in the various indicators of measuring value creation. They are not suitable for the core indicators as value creation management.
企业价值最大化与股东财富最大化是被当今财务学界广泛认同的观点。
Maximization of enterprises value and of share holders wealth are common accepted ideas among financial circle.
我国国有商业银行战略转型的目标就是要实现股东价值的最大化。
Thus strategic transformation, which is aimed at maximizing the value of shareholders, is in order.
以增加股东价值的最大化利润，通过提高运营效率并最大限度地利用为可用资源。
To increase the shareholder value and maximizing profit by improving the operational efficiencies and maximum utilization for the available resources.
企业所追求的目标，不再是单纯的利润最大化，而是股东财富的最大化或是社会价值的最大化。
The object pursuing by enterprises is no longer the profit maximization, but the maximization of the shareholders' wealth or the social wealth.
但是，如果允许策略性债务违约或对绝对优先权原则偏离，股东权益价值最大化的破产决策将达到与公司价值最大化一致的结果；
But if the strategic default or deviation from absolute priority rule is allowed, the decision that maximizes value of equity will be consistent with one that maximizes corporate value.
关于财务管理的目标，主要观点有：利润最大化、每股盈余最大化、股东财富最大化、企业价值最大化。
The main viewpoints on goals of financial management are as follows: profit maximization, surplus maximization of each stock, stockholder wealth maximization, and company value maximization.
公司长期坚持实现股东利益合理化和员工价值最大化。
It also persists in benefit rationalization of its shareholders and value maximization of its employees.
据此，以企业价值最大化作为财务管理的目标，比以股东财富最大化等目标作为财务管理目标更科学。
So the maximum of the value of enterprise is more reasonable than the maximum of Stockholders' wealth in the choice on the aim of finance management.
企业财务管理目标目前比较流行的主要有“股东财富最大化”和“企业价值最大化”两种。
The most popular financial managerial goal for the industry are "to maximize the shareholders' profits" and "to maximize the value of the industry".
上市公司的最终目标是实现股东财富最大化，这就要求衡量公司绩效的指标应该准确反映公司为股东创造的价值。
The ultimate goal of listed companies is to achieve maximum shareholders' wealth, this required that the enterprises 'performance measurement system must reflect this concept.
当企业的资产负债率较低时，“股东财富最大化”与“企业市场价值最大化”是一致的；
When the asset-debt rate is low, "stock-holder wealth maximizing"financial objective is equal to the "firm market value maximizing".
股东财富最大化与企业价值最大化必将融合，并最终让位于企业价值最大化。
The maximization of shareholder wealth undoubtedly will merge into the maximization of enterprise value and eventually shift its position to the maximization of enterprise value.
“股东财富最大化”与“企业价值最大化”分别作为上市公司的财务管理目标，一直深受关注。
Financial management object of "shareholder wealth maximization" and "enterprise value maximization" has been concerned.
现在很多企业和大学教材中，把财务管理目标“股东财富最大化”和“企业价值最大化”混淆。
Financial management object of "shareholder wealth maximization" and "enterprise value maximization" has been concerned.
受该动机驱使，公司大股东所做出的决策和行动，很可能不会再以公司价值最大化目标或者各利益相关方目标来作为标准。
Driven by such motivation, the strategies and action made by large shareholders would not base upon the goal of company value or the stakeholders'anymore.
共同治理模式是股东治理模式的异化，在现阶段我国条件尚不具备，所以中国企业以企业价值最大化作为企业财务管理目标并不现实。
The mode of common governance is the dissimilation of the mode of shareholder governance. In present period, the condition of Chinese corporation adopting common governance does not come forth…
共同治理模式是股东治理模式的异化，在现阶段我国条件尚不具备，所以中国企业以企业价值最大化作为企业财务管理目标并不现实。
The mode of common governance is the dissimilation of the mode of shareholder governance. In present period, the condition of Chinese corporation adopting common governance does not come forth…
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