What is the primary goal of the corporation?
Maximize Wealth - should be the primary goal of the financial manager. Unlike profit (earnings per share, EPS) maximization, wealth maximization considers the impact of current decisions on the long-term financial health of the firm.
Social Responsibility - firms should be socially responsible at the same time they earn "normal" profits; otherwise they probably will go out of business.
Wealth Maximization and Social Responsibility - actions that maximize the value of the firm also are beneficial to society; wealth maximization improves the standard of living.
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