代理理论与中小企业财务管理目标

Agency Theory and the Financial Management Objective of Small and Medium-sized Enterprises

摘要: 分析了代理理论对中小企业财务管理的重要性,指出由于中小企业与大型企业存在着不同的代理关系,因此中小企业与大型企业的财务管理目标有所不同,认为中小企业财务管理目标受到业主经理个人价值取向的重要影响,而具有多元化的特征。

Abstract: Agency theory is very important for financial management of small and medium-sized enterprises(SME). The financial management objectives vary between large corporation and SME due to their different agency relationship. The financial management objective of SME presents the multielement characteristics resulting from the individual value orientation of owner-manager in SME.