Who has favored the objective of ‘Wealth maximization?
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Arguments in favor of Wealth Maximization objective
It is superior: This objective is superior to profit maximization as its main aim is to maximise shareholder's wealth.
It is precise and unambiguous: It is based on the concept of cash flows rather than profit.
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Wealth maximization is a modern approach to financial management. Maximization of profit used to be the main aim of a business and financial management till the concept of wealth maximization came into being. It is a superior goal compared to profit maximization as it takes broader arena into consideration.
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