15. You sit on the board of a public corporation. Your CEO has proposed taking steps to...

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15. You sit on the board of a public corporation. Your CEO has proposed taking steps to offset the carbon impact of your company’s manufacturing process. Doing so will add to the company’s overall expenses. Your CEO argues, however, that this action will actually increase the stock price, maximizing shareholder wealth. Why might sociallyresponsible activities also be value-maximizing?

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Fundamentals Of Corporate Finance

ISBN: 9780134475561

4th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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