In the context of corporate finance which of the following statements is most likely to be false?

1. sound financial management is necessary for the achievement of stakeholder goals
2. survival may be a key short-term objective for a firm, especially in times of economic recession but it cannot be a satisfactory long term objective
3. shareholder wealth is maximised through managers making sound investment and financing (including divided) decisions
4. Holders do not always act in the best interests of their managers, giving rise to the principal-agent problem
5. Agency costs are likely to be higher when there exists more asymmetry of information between managers and shareholders