Your textbook states that the goal of financial management in a corporation is to maximize the current stock price. Initially, this seems very short-sighted and
Your textbook states that the goal of financial management in a corporation is to maximize the current stock price. Initially, this seems very short-sighted and could cause managers to violate ethical principles in pursuit of that goal.
Is the textbook's definition of financial management flawed? How do we ensure that managers will act responsibly as stewards of the stockholder's resources?
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Authors: Gautam Mitra, Leela Mitra
1st Edition
047066679X, 978-0470666791
