Goal of the Financial Manager

• Preserving Stakeholder Wealth
  • Stakeholders include all groups of individuals who have a direct economic link to the firm, including: Employees; Customers; Suppliers; Creditors
  • The "Stakeholder View" prescribes that the firm makes a conscious effort to avoid actions that could be detrimental to the wealth positions of its stakeholders
  • Such a view is considered to be "socially responsible"

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Copyright

• 1994, HarperCollins Publishers

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