财务治理目标

基于经济学的财务治理目标建构

The Formulation of Financial Governance Goal Based on Economics

财务治理目标是财权的最优配置，而财务管理目标是本金的最大增值。

Financial affairs governance goal is the best disposition of financial right and financial affairs management goal is the appreciation of capital .

然后论证了财务治理的目标是优化公司财务治理机制以实现代理成本的最小化，并将实现该目标的条件予以正式化；

We draw a conclusion that the goal of corporation financial governance is to seek to the minimum agent cost by optimizing the corporation financial governance mechanism .

然而，效率是经济学和管理学研究的核心与主线，财务治理效率是财务治理的根本目标，因此，若要深化公司财务治理问题的研究，效率问题就是绕不过的坎。

However , efficiency is the core and main line in economic and management research . The financial governance efficiency is also the fundamental objective of financial governance .

资本结构是财务治理系统的运行基础，决定了财务治理基本特征及目标取向。

Capital structure is the operating foundation of financial governance system , and determines the characteristics and target orientations of financial governance .

财务治理结构就是一套关于如何分配财权的制度安排，是实现财务治理目标的动态手段，它具有二维性，可划分为纵向的激励治理结构和横向的监控治理结构。

Financial governance structure is the system arrangement for disposal of financial governance rights and the dynamic way to achieve target of financial governance . It can be divided to two departments : financial incentive governance structure and financial monitorial governance structure .

财务治理理论中财务治理结构是基础和核心，财务治理机制是制度保证，而财务治理效率是最终目标。

In financial governance theory , financial governance structure is the foundation of financial governance and financial governance mechanism is the institution to ensure that , while the efficiency of financial governance is the ultimate goal .