Wealth maximization, profit maximization, agency theory

Wealth is the long term view for the benefit of the owners of the corporation. Conversely, profit maximization is a short term view, which could indicate problems or potential problems. In light of the aforementioned, I thought about something I wrote several years ago (Ezelle, 2011) and provide parts of it verbatim: In a perfect…Continue reading Wealth maximization, profit maximization, agency theory