Do you believe that the firm's social responsibilities conflict with the ultimate goal of shareholder's wealth maximization?© BrainMass Inc. brainmass.com December 15, 2020, 6:32 pm ad1c9bdddf
I disagree with the above statement. Firm's social responsibility does not conflict with the ultimate goal of shareholders' wealth maximization. Even in the light of social responsibility, the bigger goal of the organization is to maximize shareholders' wealth.
The definition of corporate social responsibility says that the impact of a company's actions on society requires a manager to consider his acts in terms of a whole social system, and holds him ...
This post discusses the conflict on firm's social responsibilities with the ultimate goal of shareholder's wealth maximization.