The Impact of Effective Expansion around on Energy Enterprise Value

2013 ◽  
Vol 805-806 ◽  
pp. 1443-1446
Author(s):  
Ze Hong Li ◽  
Xiang Yu Meng
Keyword(s):  
Financial Management ◽  
Profit Maximization ◽  
Discounted Cash Flow ◽  
Enterprise Value ◽  
Management Objectives ◽  
Social Nature ◽  
Effective Expansion ◽  
Three Stages ◽  
Social And Environmental Responsibilities ◽  
The Impact

Financial management objectives have gone through three stages; they were maximization of profit, maximization of shareholders' equity and maximization of enterprise value. At present, the maximization of enterprise value is the most widely used financial management objective. Energy enterprise as the foundation of economic operation, it has economy nature and social nature for social and environmental responsibilities. It is important to weigh the interests of all parties to make energy enterprise value achieve real maximum. In this paper, energy enterprise effectiveness will be expanded, and discounted cash flow model will be used to analysis the impact of effective expansion around on energy enterprise value.

scholarly journals Operational risk in current assets investment decisions: Portfolio management approach in accounts receivable

2008 ◽  
Vol 54 (No. 1) ◽  
pp. 12-19 ◽  
Author(s):  
G. Michalski
Keyword(s):  
Portfolio Management ◽  
Asset Management ◽  
Financial Management ◽  
Firm Value ◽  
Trade Credit ◽  
Profit Maximization ◽  
Potential Effect ◽  
Management Approach ◽  
Accounts Receivable ◽  
Enterprise Value

The basic financial purpose of an enterprise is maximization of its value. Trade credit management should also contribute to the realization of this fundamental aim. Many of the current asset management models that are found in the financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to another aim (i.e., maximization of the enterprise value). The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk that is related to purchasers using payment postponement for goods and/or services. The present article offers a method that uses the portfolio management theory to determine the level of accounts receivable in a firm. An increase in the level of accounts receivables in a firm increases both net working capital and the costs of holding and managing accounts receivables. Both of these decrease the value of the firm, but a liberal policy in accounts receivable coupled with the portfolio management approach could increase the value. Efforts to assign ways to manage these risks were also undertaken; among them, a special attention was paid to adapting the assumptions from the portfolio theory as well as gauging the potential effect on the firm value.

scholarly journals Corporate inventory management with value maximization in view

2008 ◽  
Vol 54 (No. 5) ◽  
pp. 187-192 ◽  
Author(s):  
G. Michalski
Keyword(s):  
Inventory Management ◽  
Financial Management ◽  
Profit Maximization ◽  
Management Model ◽  
Enterprise Value ◽  
Value Maximization ◽  
Model Modification ◽  
Management Models ◽  
Assets Management

The basic financial purpose of the firm is maximization of its value. An inventory management should also contribute to the realization of this basic aim. Many current assets management models which we can find in the literature relating to financial management were constructed with the assumption of book profit maximization as the basic aim. These models could be lacking what relates to another aim, i.e., maximization of the enterprise value. This article presents the value based inventory management model modification.

scholarly journals Value based management approach in inventory management

2009 ◽  
Vol 61 (1-2) ◽  
pp. 36-47 ◽  
Author(s):  
Grzegorz Michalski
Keyword(s):  
Inventory Management ◽  
Financial Management ◽  
Profit Maximization ◽  
Management Model ◽  
Management Approach ◽  
Enterprise Value ◽  
Value Based Management ◽  
Model Modification ◽  
Management Models ◽  
Assets Management

The basic financial purpose of the firm is maximization of its value. A inventory management should also contribute to realization of this basic aim. Many current assets management models which we can find in the literature relating to financial management were constructed with the assumption of book profit maximization as basic aim. These models could lacking what relates to another aim, i.e., maximization of enterprise value. This article presents the value based inventory management model modification.

scholarly journals Portfolio management approach in trade credit decision making

2007 ◽  
Vol 59 (4) ◽  
pp. 546-559 ◽  
Author(s):  
Grzegorz Michalski
Keyword(s):  
Portfolio Management ◽  
Asset Management ◽  
Financial Management ◽  
Trade Credit ◽  
Profit Maximization ◽  
Management Approach ◽  
Accounts Receivable ◽  
Enterprise Value ◽  
Value Maximization ◽  
Current Asset

The basic financial purpose of an enterprise is maximization of its value Trade credit management should also contribute to realization of this fundamental aim. Many of the current asset management models that are found in financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to maximization of enterprise value. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk that is related to purchasers using payment postponement for goods and/or services. The present article offers a method that uses portfolio management theory to determine the level of accounts receivable in a firm.

Discussion on the Usage of Computer-Assisted Method in Evaluation of Enterprise Financial Management

2014 ◽  
Vol 543-547 ◽  
pp. 4235-4238
Author(s):  
Da Zhi Yang
Keyword(s):  
Financial Management ◽  
Evaluation System ◽  
Global Financial Crisis ◽  
Evaluation Index System ◽  
Computer Assisted ◽  
Enterprise Value ◽  
Management Objectives ◽  
The Status ◽  
Set Up ◽  
The Global Financial Crisis

The main goal of modern enterprise financial management is the maximization of enterprise value. As our country's market economic system improved gradually, accession to the WTO and the information technology revolution, will change the current development pattern of Chinese enterprises. Face the global financial crisis and enhance their enterprise value, improve competitiveness become the central task of our country enterprise development. In enterprise financial management, Scientific evaluate to the realization degree of the financial management objectives and analyze the realization factors impact on the financial management objectives is essential[. To establish the evaluation index system of enterprise financial management goal, especially set up computer aided evaluation system, can avoid to a certain extent experience evaluation and one-sided evaluation of misjudgment, can make us scientific understand the status quo of China's enterprises, find restrict factors which may constraint the promoting competitiveness of our enterprises, constantly improve the enterprise's own value.

scholarly journals Trade Credit Decision Making Based on Portfolio Management Approach

Ekonomika ◽  
2007 ◽  
Vol 80 ◽  
Author(s):  
Grzegorz Michalski
Keyword(s):  
Portfolio Management ◽  
Asset Management ◽  
Financial Management ◽  
Trade Credit ◽  
Profit Maximization ◽  
Management Approach ◽  
Accounts Receivable ◽  
Enterprise Value ◽  
Value Maximization ◽  
Current Asset

The basic financial purpose of an enterprise is maximization of its value. Trade credit management should also contribute to realization of this fundamental aim. Many of the current asset management models that are found in financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to maximization of enterprise value. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk related to purchasers using payment postponement for goods and I or services. The present article offers a method that uses portfolio management theory to determine the level of accounts receivable in a firm. An increase in the level of accounts receivables in a firm increases both the net working capital and the costs of holding and managing accounts receivables.

The Role of Web Based Accounting Online System 2.0 as the Company's Income and Expense Management

2017 ◽  
Vol 1 (1) ◽  
pp. 44-49
Author(s):  
Nur Azizah ◽  
Dedeh Supriyanti ◽  
Siti Fairuz Aminah Mustapha ◽  
Holly Yang
Keyword(s):  
Financial Management ◽  
Accounting System ◽  
Bank Account ◽  
Web Based ◽  
Online System ◽  
Version 2.0 ◽  
User Friendly ◽  
The Impact ◽  
A Company

In a company, the process of income and expense of money must have a profit-generating goal base. The success of financial management within the company, can be monitored from the ability of the financial management in managing the finances and utilize all the opportunities that exist with as much as possible with the aim to control the company's cash (cash flow) and the impact of generating profits in accordance with expectations. With a web-based online accounting system version 2.0, companies can be given the ease to manage money in and out of the company's cash. It has a user friendly system with navigation that makes it easy for the financial management to use it. Starting from the creation of a company's cash account used as a cash account and corporate bank account on the system, deletion or filing of cash accounts, up to the transfer invoice creation feature, receive and send money. Thus, this system is very effective and efficient in the management of income and corporate cash disbursements.   Keywords:​Accounting Online System, Financial Management, Cash and Bank

PERTANGGUNGJAWABAN KERUGIAN NEGARA DALAM PENGELOLAAN KEUANGAN DAERAH

EDUKASI ◽  
2018 ◽  
Vol 16 (1) ◽  
Author(s):  
Hendra Karianga
Keyword(s):  
Financial Management ◽  
Criminal Liability ◽  
The State ◽  
Legal Proceedings ◽  
Regional Finance ◽  
Regional Budget ◽  
State Finance ◽  
Budget Policy ◽  
Definition Of ◽  
The Impact

Sources of revenue and expenditure of APBD (regional budget) can be allocated to finance the compulsory affairs and optional affairs in the form of programs and activities related to the improvement of public services, job creation, poverty alleviation, improvement of environmental quality, and regional economic growth. The implications of these policies is the need for funds to finance the implementation of the functions, that have become regional authority, is also increasing. In practice, regional financial management still poses a complicated issue because the regional head are reluctant to release pro-people regional budget policy, even implication of regional autonomy is likely to give birth to little kings in region causing losses to state finance and most end up in legal proceedings. This paper discusses the loss of state finance and forms of liability for losses to the state finance. The result of the study can be concluded firstly,  there are still many differences in giving meaning and definition of the loss of state finace and no standard definition of state losses, can cause difficulties. The difficulty there is in an effort to determine the amount of the state finance losses. The calculation of state/regions losses that occur today is simply assessing the suitability of the size of the budget and expenditure without considering profits earned by the community and the impact of the use of budget to the community. Secondly, the liability for losses to the state finance is the fulfillment of the consequences for a person to give or to do something in the regional financial management by giving birth to three forms of liability, namely the Criminal liability, Civil liability, and Administrative liability.Keywords: state finance losses, liability, regional finance.

Challenges and threats to the economic security in the ferrous metallurgy

2020 ◽  
Vol 8 (8) ◽  
pp. 1527-1544
Author(s):  
I.L. Ryabkov ◽  
N.N. Yashalova
Keyword(s):  
Ferrous Metallurgy ◽  
Financial Management ◽  
Ferrous Metal ◽  
Economic Security ◽  
Competitive Advantages ◽  
Corporate Strategies ◽  
Group Methods ◽  
Production Distribution ◽  
The Impact ◽  
Market Strategies

Subject. The article focuses on market strategies of the Russian enterprises operating in the ferrous metallurgy. Objectives. The study is to analyze corporate strategies the leading ferrous metal manufacturers use in the Russian Federation, such as NLMK Group, Severstal, Magnitogorsk Iron & Steel Works, EVRAZ Group. Methods. The study interprets public financial statements and methods of the logic, intuitive and comparative analysis. Results. We analyze market strategies of the Russian metal manufacturers, determine their development priorities and competitive advantages and weaknesses. We describe the impact of various threats and measures metallurgical companies undertake to eliminate them. Conclusions and Relevance. We sorted out possible threats and exposures of the Russian metallurgic companies' economic security and traced the dynamics of their significance for 2015 to 2019. Key threats relate to policies, economy, external and internal market, regulations and laws, production, distribution and financial management, consumption, IT, social welfare and environment.

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