Financial Management
By: Jae K. Shim and Joel G. Siegel
Typical goals of the firm include (1) stockholder wealth maximization; (2) profit maximization; (3) managerial reward maximization; (4) behavioral goals; and (5) social responsibility. Modern managerial finance theory operates on the assumption that the primary goal of the firm is to maximize the wealth of its stockholders, which translates into maximizing the price of the firm’s common stock. The other goals mentioned above also influence a firm’s policy but are less important than stock price maximization. Note that the traditional goal frequently stressed by economists profiTypical goals of the firm include (1) stockholder wealth maximization; (2) profit maximization; (3) managerial reward maximization; (4) behavioral goals; and (5) social responsibility. [download]
Format : Ebook.Pdf
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