Generally in most Anglo-Saxon economies, managers have an obligation to act in the interests of shareholders. In

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Generally in most Anglo-Saxon economies, managers have an obligation to act in the interests of shareholders. In other countries, they may have wider obligations to society as a whole. What are the pros and cons of the two sets of obligations?

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Principles of Corporate Finance

ISBN: 978-1260013900

13th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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Question Posted: Sep 27, 2019 12:58 PM

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Generally in most Anglo-Saxon economies, managers have an obligation to act in the interests of shareholders. In

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In most cases maximizing shareholder value and maximizing ...View the full answer

Principles of Corporate Finance

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