Ethical behavior is a necessary condition for shareholder wealth maximization as opposed to profit maximization.

Question: Doyoubelieve the goal of the firm is always consistent with ethical considerations? What wouldyoudo ifyoucould implement an unethical (and undetectable) action that would increase firm value?

https://corporatefinanceinstitute.com/resources/knowledge/other/principal-agent-problem/

https://smallbusiness.chron.com/agency-theory-financial-management-81899.html