基于价值的管理与公司理财创新

本文从基于价值管理理念出发,引出了现代公司发展的基础与导向是资本增值的主题。在此基础上,将会计报告、财务分析、资本经营和管理控制融入公司理财之中,形成创新的公司理财体系框架:以资本增值为公司目标和财务目标,以基于价值管理为公司理财导向,以会计报告与财务分析为理财基础,以处理与投资界的关系、评估战略以创造价值和借助全面绩效管理创造价值为理财领域,以资本经营与管理控制为理财两翼。文章论述了基于价值的公司理财创新与会计报告、财务分析、资本经营及管理控制的关系,明确它们在公司理财创新中的地位与作用。

VBM and Innovation of Corporate Finance

Based on VBM theory,this paper points out that the fundament and guide of corporate developing should be capital appreciation.So accounting report,financial analysis,capital operation and management control should be dissolved in corporate finance.A new framework of corporate finance is formed by these:capital appreciation being the objective of corporate and finance,VBM being the guide of corporate finance,accounting report and financial analysis being the fundament of corporate finance,dealing with investors relationship,valuing corporate strategy and creating corporate value being three fields of finance,capital operation and management control being two wings of finance.The paper discusses the relationship between VBM and above factors of corporate finance,to make clear their position and function in corporate finance.