Analyze and compare the advantages and disadvantages of several concepts of the overall goal of enterprise financial management.

Answer: (1) profit maximization goal advantages: conducive to the realization of the overall goal of the enterprise; intuitively and specifically reflect the business performance of the enterprise operator. Disadvantages: did not take into account the time of profit realization and the resulting time value of money; did not take into account the relationship between inputs and outputs; did not take into account the risk factor; easy to produce short-term orientation of business behavior.

(2) earnings per share maximization advantages: taking into account the value added with the capital invested by shareholders, is the growth of shareholders' wealth; to avoid some of the defects of the profit maximization point of view. Disadvantages: does not take into account the time value of money and investment risk issues.

(3) maximization of shareholder wealth or enterprise value maximization advantages: enterprise value is more accurately represent the shareholders' wealth than profit; not only reflects the current situation of the enterprise, but also reflects the expected future situation; reflects the relationship between the enterprise's capital and profitability; a combination of the time value of money and the value of risk factors. Disadvantages: For unlisted companies, there is a lack of measurable basis; the price of the stock and the actual value of the enterprise is still a certain distance.