scholarly journals Stakeholder Wealth Maximization and the Goal of Financial Management in China

2016 ◽  
Author(s):  
Jin-yu Tian ◽  
Zi-yuan Zhang
Keyword(s):  
Financial Management ◽  
Wealth Maximization

scholarly journals Alms-Giving and Financial Management

2020 ◽  
Author(s):  
Grisvia Agustin ◽  
Agus Sumanto ◽  
Muhammad Hasyim Ibnu Abbas ◽  
Lustina Fajar Prastiwi ◽  
Santi Merlinda
Keyword(s):  
Financial Management ◽  
Profit Maximization ◽  
Personal Finance ◽  
Primary Data ◽  
Personal Factors ◽  
Causality Test ◽  
Wealth Maximization ◽  
Finance Management ◽  
Economic Decision Making ◽  
The Individual

Objectives of financial management may be broadly divided into two parts such as profit maximization and wealth maximization. But alms-giving doesn’t have any connection with profit maximization or wealth maximization. Giving of alms is individual spending with non-profit oriented. Alms-giving objective for religious reason only to obey God’s order. In macro economics and micro-economics theory there are alms component as spending. Because alms-giving is better to be spent secretly. The research aims to analyze causality relationship between giving of alms with individual financial management using Econometric analysis Toda-Yamamoto causality test with E-views software. Purposive sampling method is employed to get primary data from respondents. Personal finance management is an activity that involves all the individual financial decisions, which includes budgeting, saving, insurance, mortgages. When a person plans his personal finance, he needs to take a range of financial products and other personal factors into consideration. Personal finance management has a huge influence on one’s life and future. Respondents comes from various region with various occupation and income with various religion background. Research analysis finds overwhelming support for the idea which optimism impacts economic decision-making by proving that alms affect financial management. Keywords: Alms-giving, financial management, Toda-Yamamoto causality test

scholarly journals Topics In Finance Part I-Introduction And Stockholder Wealth Maximization

2010 ◽  
Vol 3 (2) ◽  
pp. 15-22 ◽  
Author(s):  
Judy Laux
Keyword(s):  
Agency Theory ◽  
Financial Management ◽  
Wealth Maximization

The following article represents the first in a series dedicated to presenting students the opportunity to better understand the key theoretical constructs in the introductory financial management course.  The current essay offers an introduction to the series and covers the topics of stockholder wealth maximization and its close cousin, agency theory.

scholarly journals Topics In Finance Part VIIIMergers & Acquisitio

2012 ◽  
Vol 5 (4) ◽  
pp. 369-376
Author(s):  
Judy Laux
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Management ◽  
Ethical Challenges ◽  
Wealth Maximization ◽  
Financial Activity ◽  
Risk Return ◽  
Current Article

In this series, three key axiomsstockholder wealth maximization, the risk-return tradeoff, and agency conflictsare applied to the major topics in financial management. The current article looks at mergers and acquisitions, reviewing the presumed motivations, the ethical challenges, and the literature dedicated to this financial activity.

scholarly journals Topics In Finance Part V - Capital Structure

2011 ◽  
Vol 4 (1) ◽  
Author(s):  
Judy Laux
Keyword(s):  
Capital Structure ◽  
Financial Management ◽  
Recent Literature ◽  
Agency Conflicts ◽  
Wealth Maximization ◽  
Risk Return ◽  
Current Article ◽  
Insight Into

Continuing this series on the theory of financial management, the current article investigates capital structure, offering insight into the roles of stockholder wealth maximization, the risk-return tradeoff, and agency conflicts.  Much literature addresses this topic, and some of the most recent literature challenges certain theoretical cornerstones touted in the textbooks, as revealed in this work.

scholarly journals The Impact of Working Capital Management on Corporate’s Performance: Evidence from Egypt

2020 ◽  
Vol 15 (6) ◽  
pp. 151
Author(s):  
Yasmeen Tarek ◽  
Mary Rafik
Keyword(s):  
Data Analysis ◽  
Financial Management ◽  
Panel Data Analysis ◽  
Corporate Value ◽  
Capital Management ◽  
Working Capital ◽  
Return On Assets ◽  
Working Capital Management ◽  
Wealth Maximization ◽  
The Impact

Financial management has two main objectives profit and wealth maximization, well organized management of WC components should contribute to the achievement of these objectives. This study clarified the factors which affect WCM, which consequently will affect the business health as a whole and this will influence corporate ’performance and its corporate value. The study will examine the relation between firms profitability and its corporate value by applying panel data analysis on16 companies registered in the Egyptian stock market during the period from 2013 to 2017.The performance of companies is measured through profitability using return on assets (ROA) and firms value were measured by Tobin’s Q (TQ) ratio. The working capital management was measured by using current assets ratio (CAR), quick ratio (QR) and cash ratio (CR).

scholarly journals Topics In Finance Part VI Capital Budgeting

2011 ◽  
Vol 4 (7) ◽  
pp. 29-38 ◽  
Author(s):  
Judy Laux
Keyword(s):  
Financial Management ◽  
Agency Problems ◽  
Capital Budgeting ◽  
Agency Conflicts ◽  
Wealth Maximization ◽  
Risk Return ◽  
Current Article ◽  
Insight Into

This series on the theory of financial management offers insight into the roles of stockholder wealth maximization, the risk-return tradeoff, and agency conflicts as they apply to major topics in finance. The current article investigates capital budgeting. Much literature addresses this topic, with a number of articles challenging mainstream theories, some investigating agency problems, and a few empirically testing the relationships taught in most managerial finance classrooms.

scholarly journals NVA: A Value Addition Measure For Capital Project Evaluation

2011 ◽  
Vol 18 (4) ◽  
Author(s):  
Bhavesh M. Patel ◽  
U. Rao Cherukuri
Keyword(s):  
Risk Premium ◽  
Financial Management ◽  
Net Present Value ◽  
Weighted Average ◽  
Value Added ◽  
Cash Flows ◽  
Project Evaluation ◽  
Value Addition ◽  
Capital Maintenance ◽  
Wealth Maximization

<p class="MsoFootnoteText" style="text-align: justify; margin: 0in 0.5in 0pt; mso-pagination: none;"><span style="font-family: Times New Roman; font-size: x-small;">Corporate financial objective of stockholder wealth maximization and use of discounted cash flow methods for evaluation of capital projects are two of the well-accepted tenets of financial management. Present project evaluation methods, including the Net Present Value (NPV) technique, do not fully meet the stockholder wealth maximization criteria. This paper attempts to scrutinize the relevance of the NPV method in achieving the wealth maximization objective and suggests an alternative value addition measure, named Net Value Added (NVA). In the NPV method, all cash flows pertaining to a project are lumped together and discounted with one single rate, the weighted average cost of capital. The NVA method advocates that a project&rsquo;s residual (net of its debt servicing) cash flows that belong to stockholders should be classified on the basis of their end-use, viz., equity servicing, capital maintenance, and value creating surplus cash flows.<span style="mso-spacerun: yes;">&nbsp; </span>As the risks associated with each of these three stockholders&rsquo; cash flows are not the same, they are separately discounted at appropriate rate depending upon the associated risk. Power of time (n) is assigned only to real risk-free rate of return and inflation premium to discount equity servicing and capital maintenance cash flows that are subject to exponential growth over time but not to the risk premium.</span></p>

Financial Management

2010 ◽  
Vol 44 (8) ◽  
pp. 55
Author(s):  
LEE SAVIO BEERS
Keyword(s):  
Financial Management

PENGARUH TRANSPARANSI PENGELOLAAN KEUANGAN DANA DESA DAN PEMBERDAYAAN MASYARAKAT TERHADAP KESEJAHTERAAN MASYARAKAT DESA SIDOHARJO

2020 ◽  
Vol 28 (1) ◽  
pp. 35-50
Author(s):  
Dewi Kusuma Wardani ◽  
Ratih Ranika Putri Utami
Keyword(s):  
Financial Management ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Community Empowerment ◽  
Primary Data ◽  
Community Members ◽  
The People ◽  
Quantitative Descriptive ◽  
Positive Effect

This study aims to determine the effect of transparency in financial management of village funds and community empowerment on community welfare in Sidoharjo Village, Tepus District, Gunungkidul Regency. This research method uses quantitative descriptive methods and primary data using questionnaires. This study took a sample of residents who were divided into 11 hamlets in Sidoharjo Village, Tepus District, Gunung kidul Regency. The sampling technique is stratified random sampling. Data collection is done by distributing questionnaires directly to people’s homes, attending social gatherings and routine meetings held by community members. It aims to obtain more data from respondents directly. The number of questionnaires processed was 120 questionnaires. Data were analyzed using multiple linear regression analysis. The results of this study indicate that community empowerment has a positive effect on the welfare of the people of Sidoharjo Village, Tepus District, Gunungkidul Regency, while transparency in financial management of village funds does not affect the welfare of the community in Sidoharjo Village, Tepus District, Gunungkidul Regency.

Motivasi dan kepuasan kerja pegawai puskesmas BLUD dan non-BLUD Kabupaten Semarang

2018 ◽  
Vol 2 (3) ◽  
pp. 111
Author(s):  
Aswindar Adhi Gumilang ◽  
Tri Pitara Mahanggoro ◽  
Qurrotul Aini
Keyword(s):  
Public Health ◽  
Job Satisfaction ◽  
Financial Management ◽  
Work Motivation ◽  
P Value ◽  
The Public ◽  
The Status ◽  
The Difference ◽  
Demand For Health ◽  
Public Demand

The public demand for health service professionalism and transparent financial management made some Puskesmas in Semarang regency changed the status of public health center to BLUD. The implementation of Puskesmas BLUD and non-BLUD requires resources that it can work well in order to meet the expectations of the community. The aim of this study is to know the difference of work motivation and job satisfaction of employees in Puskesmas BLUD and non-BLUD. Method of this research is a comparative descriptive with a quantitative approach. The object of this research are work motivation and job satisfaction of employees in Puskesmas BLUD and non-BLUD Semarang regency. This Research showed that Sig value. (P-value) work motivation variable was 0.019 smaller than α value (0.05). It showed that there was a difference of work motivation of employees in Puskemas BLUD and non-BLUD. Sig value (P-value) variable of job satisfaction was 0.020 smaller than α value (0.05). It showed that there was a difference of job satisfaction of BLUD and non-BLUD. The average of non-BLUD employees motivation were 76.59 smaller than the average of BLUD employees were 78.25. The average of job satisfaction of BLUD employees were 129.20 bigger than the average of non-BLUD employee were 124.26. Job satisfaction of employees in Puskesmas BLUD was higher than non-BLUD employees.

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