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在社会主义市场经济体制下,企业的理财目标从计划经济体制下的产值最大化演变为资本增值的最大化(或企业资产价值的最大化)。而要实现其增值,首要前提是该资本必须是流动的资本,即必须投入到再生产环节中去。因此,企业资本的规模和流动速度,可以决定该企业资本增值的大小;相反,若企业的资本得不到有效营运,则企业的理财目标就无法实现,企业就会面临亏损、甚至破产。据有关统计资料表明,我国1995年工业企业的亏损面达78.32%,而在这些亏损的企业中闲置资产的比例已超过60%,也就是说在这些
Under the socialist market economic system, the company’s financial goals have evolved from the maximization of output value under the planned economic system to the maximization of capital appreciation (or the maximization of the value of corporate assets). To realize its value-added, the primary premise is that the capital must be flowing capital, that is, it must be invested in the reproduction process. Therefore, the scale and flow rate of corporate capital can determine the size of the company’s capital appreciation. On the contrary, if the company’s capital is not effectively operated, the company’s financial goals cannot be realized, and the company will face losses or even bankruptcy. According to relevant statistical data, the loss of industrial enterprises in China reached 78.32% in 1995, and the proportion of idle assets in these loss-making enterprises has exceeded 60%, which means that in these