Why is value maximization superior to profit maximization as a goal for management?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 08, 2012 12:31 AM

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Why is value maximization superior to profit maximization as a goal for management?

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While profit maximization appears to be a logical goal at first glance it has some ser...View the full answer

Fundamentals of corporate finance

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