The objectives of financial management and the conflict and coordination of stakeholders

Some of the most important conflicts in financial management are the actual disadvantages of a financial account in and out of the account to the whole management system, there is an uncoordinated role, so that the Biyu clan can not be well managed, and positive means must be used to better coordinate.

Summary. Objectives of financial management and coordination of conflicts of interest: 1. A reasonable leverage factor can be set. The leverage coefficient of an enterprise is highly correlated with the characteristics of the industry in which the enterprise is located and the ability to create funds, and the characteristics of the industry determine the approximate range of the leverage coefficient that the enterprise can bear.

Objectives of financial management and coordination of conflicts of interest: 1. A reasonable leverage factor can be set. The leverage coefficient of the enterprise is highly correlated with the characteristics of the industry in which the enterprise is located and the ability to create funds, and the characteristics of the industry determine the roughly rapid range of the leverage coefficient that the enterprise can bear.

Briefly describe the objectives of financial management and the content of conflicts of interest and coordination.

Briefly describe the content of financial management objectives and neutralization of conflicts of interest and coordination, and the deeper problems of financial management objectives, such as the effective coordination of conflicts of interest, are directly related to the degree of realization of financial management objectives.

According to the comparative analysis of financial management objectives, in the process of maximizing shareholders' equity, in order to maximize the value of the enterprise, it is necessary to consider the selection of the financial objectives of the enterprise, the influencing factors and countermeasures of the actual combustion target, and the management decision-making factors. The remuneration of professional managers is also directly related to ****, therefore, the market price has become the most important factor to consider in financial decisions. The shareholders' equity is also fully reflected through the market price of **. Therefore, maximizing shareholders' equity is a natural goal of their financial management.

In the case of such a stupid calendar with divination, there will be certain contradictions and disadvantages that need to be coordinated. In the process of coordination, it is to maximize the profits of the enterprise, the interests of shareholders, and the maximization of its value.

The two most fundamental factors that affect the achievement of financial management goals are return on investment and risk.

The financial management objectives of enterprises are affected by factors such as different periods, different financial environments, and different countries, and these goals are affected by the following common factors.

1) Financial management entities.

The main body of financial management refers to the financial management activities of the enterprise should be limited to a certain organization, and the spatial scope of financial management is clarified. Due to the establishment of independent financial management, financial management activities have become the concrete embodiment of the overall goal of the enterprise, which has laid a theoretical foundation for the correct establishment of the financial management objectives of the enterprise.

2) Financial management environment.

The financial management environment includes the macro environment of financial management such as economic environment, legal environment, social and cultural environment, as well as the micro environment of financial management such as enterprise type, market environment, procurement environment and production environment, which are also one of the main factors affecting financial management objectives.

3) The interest relationship of enterprise interest groups.

Enterprise interest groups refer to the groups that have an interest relationship with the enterprise. Under the modern enterprise system, the interest group of the enterprise is no longer a simple enterprise owner, and the interest group that affects the financial management objectives includes the enterprise owner, the enterprise creditor, the enterprise creditor, and the enterprise employees.

4) Social responsibility.

Social responsibility refers to the fact that enterprises should assume corresponding social responsibilities while engaging in production and business activities and obtaining normal benefits. There is an objective contradiction between the financial management objectives and social responsibility of enterprises: corporate social responsibility will lead to the reduction of profits and shareholder wealth.

expand knowledge; In the era of knowledge economy, although financial capital is still an indispensable factor of production for the survival and development of enterprises, the role of knowledge capital in the whole social process, especially in the sustainable development of the family, is more important.

First, the contribution rate of knowledge and technology to economic growth cannot be surpassed by other resources;

Second, knowledge-based factors of production have the characteristics of non-wear, repeatability, sharing, and value-added, and are an inexhaustible resource. It can be seen that how to fully and effectively and rationally utilize and allocate knowledge capital is an unavoidable issue in formulating financial management goals.

Enterprises need to survive and develop in the fierce market competition, and financial management faces many challenges. In terms of capital operation, we should not only pay attention to the acquisition and use of financial capital and the distribution of capital gains, but more importantly, we should pay attention to intellectual capital.

For example, in the acquisition of intellectual capital, financial management should pay attention to what channels and methods to obtain intellectual capital; In the use of intellectual capital, financial management should pay attention to how to combine knowledge capital and financial capital, how to effectively allocate the financial capital and intellectual capital of enterprises, and improve the utilization efficiency of intellectual capital.

In terms of the income distribution of intellectual capital, financial management should pay attention to how intellectual capital participates in the income distribution of enterprises. In this sense, intellectual capital constitutes the content of financial management, and its utility becomes the goal pursued by financial management.

Answer]: The main conflict of interest between the operator and the shareholder is that the operator hopes to obtain more remuneration, more enjoyment, and avoid various risks while creating wealth; Shareholders, on the other hand, want to achieve more wealth at a smaller cost (paying less). So option A is correct and option B is wrong; Dismissal is a method of restraining the operator through shareholders, while acceptance is a method of restraining the operator through the market.

So options c and d are incorrect.

First, the owner may ask the operator to change the intended use of the borrowed funds and use them for riskier projects, which will increase the risk of debt repayment.

Second, the owner may require the operator to borrow new debts without the consent of the existing creditors, because the risk of debt repayment will increase accordingly, resulting in a decrease in the value of the original creditor's rights.

The above conflict of interest between the owner and the creditor can be resolved by:

1. Restricted borrowing.

The creditor stipulates in advance the restrictions on the use of the borrowing, the terms of the guarantee of the borrowing, and the credit terms of the borrowing. (to protect the creditors themselves).

2. Recover the loan or stop the loan.

When creditors discover that the enterprise has the intention to erode the value of its creditor's rights, it will take measures to recover its claims or not give new loans, so as to protect its own rights and interests.