
Corporate Finance: Core Principles and Applications (Mcgraw-hill Education Series in Finance, Insurance, and Real Estate)
5th Edition
ISBN: 9781259289903
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 1, Problem 5CQ
Summary Introduction
To critically think about: The overemphasis on the short-term profits of the business at the risk of long term profits while the manager focuses on the
Introduction:
The major goal of the firm is the maximization of the owner’s wealth. In order to maximize the owner’s wealth, the financial manager implements the necessary actions that result in the maximum gain without considering the future consequences.
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Corporate Finance: Core Principles and Applications (Mcgraw-hill Education Series in Finance, Insurance, and Real Estate)
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