英语翻译GOAL OF THE FIRM In this test we designate the goal of t

英语翻译
GOAL OF THE FIRM
In this test we designate the goal of the firm to be maximization of shareholder Wealth ,by which we mean maximization of the price of the existing common stock． Not only will this goal directly benefit the shareholders of the company,but it will also provide benefits to society．This will come about as Scarce resources are directed to their most productive use by businesses competing to create wealth．With this goal in place,our job as a fmancial manager becomes to create wealth for the share holders．To better understand this goal,we will first discuss profit maximization as a possible goal for he firm．Then we will compare it to maximization of shareholder wealth to See why,in financial management,the latter is the more appropriate goal for the firm.
profit maximization
In microeconomics,profit maximization fuctions largeIy as a theoretical goal,With economists using it to prove how firms behave rationally to increase profit．Unfortunately,it ignores many real—world complexities that financial managers must address in their decisions．In the more applied discipline of financial management,firms must deal every day with two major factors not considered bythe goal of profit maximization:uncertainty and timing.

公司的目标
在此次测验中,我们指出了我们公司的目标是股东财富最大化,我们的意思是使现有的普通股价格的最大化.这个目标不仅直接使公司的股东们受益,也会使社会受益.这将会产生稀有资源通过商业竞争直接投入生产使用从而创造财富.在这个目标下,我们作为财务经理的工作就是为股东们创造财富.为了更好地理解这个目标,我们首先讨论作为公司可能目标的--利润最大化.然后我们将它与股东财富最大化做对比,在财务管理中,为什么后者是公司更为合适的目标.
利润最大化
在微观经济学中,利润最大化很大程度上是作为一个理论目标起作用,随着经济学家将它用于证明公司如何理性地运做从而增加利润.不幸地是,它忽略了许多现实的-世界复杂性,财务经理必须在他们的决定中进行阐述.在许多应用的财务管理理论中,公司每天必须处理两个不考虑利润最大化主要因素：不确定性和适时性.