Question
What does it mean to say that managers should maximize shareholders' wealth subject to ethical constraints? What ethical considerations might factor into decisions that result
What does it mean to say that managers should maximize shareholders' wealth "subject to ethical constraints"? What ethical considerations might factor into decisions that result in lower cash flow and stock price effectsthan they might have otherwise been valued?
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
