![]() This objective is, in turn, justified (in a theory often termed "the invisible hand") by the premise that such activity undertaken competitively, within the law, by individual firms will lead to maximal social welfare. Broadly, this theory posits that the ultimate objective of a business organization is to maximize its market value (often referred to as maximizing shareholder wealth). For those educated in modern business schools, the justification for decisions made by financial professionals in business organizations has been supplied by financial economic theory. ![]()
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