Question
What does it mean to say that managers should maximize shareholders' wealth subject to ethical constraints? What ethical considerations might enter into decisions that result
What does it mean to say that managers should maximize shareholders' wealth "subject to ethical constraints"? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are valued lower than they might otherwise have been?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
