Maximizarea valorii întreprinderii – obiectiv important în gestiunea financiară
Maximising company value – an important objective in financial management

Summary/Abstract: The fundamental role of financial management is to maximise the company value. This value cannot be assessed only according to its equity, to the wealth accumulated by the company up to certain moment, but it must also be analysed according to the future investments and projects which the company equity will be engaged in. At the same time, value maximisation also implies protecting and preserving it. Avoiding equity waste caused by a bankruptcy, maintaining financial solvency and equilibrium are in fact the objective of financial management. Consequently, maximising the company value appears to depend on the level of performances provided by the company activities and on the way in which the bankruptcy risk and other financial risks in general are controlled.

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