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

Question: Do you believe the goal of the firm is always consistent with ethical considerations? What would you do if you could implement an unethical (and undetectable) action that would increase firm value? Hint: Review Agency Theory in this module's home page and conduct external research (as applicable).

https://www.thebalancesmb.com/shareholder-wealth-maximization-392844