THEOBJECTIVEINDECISIONMAKING幻灯片.pptVIP

The Objective in Corporate Finance;First Principles;The Classical Viewpoint;The Objective in Decision Making;Maximizing Stock Prices is too “narrow” an objective: A preliminary response;Why traditional corporate financial theory focuses on maximizing stockholder wealth.;The Classical Objective Function;What can go wrong?;I. Stockholder Interests vs. Management Interests;The Annual Meeting as a disciplinary venue;Directors lack the expertise (and the willingness) to ask the necessary tough questions..;Who’s on Board? The Disney Experience - 1997;The Calpers Tests for Independent Boards;Business