MAXIMIZAREA AVERII ACŢIONARILOR
MAXIMIZING SHAREHOLDER’S WEALTH

Summary/Abstract: Both in theory and in practice there is controversy about what the fundamental objective of the company should be. As long as such an objective is not set, it becomes impossible for the management to configure its strategy. Further more, the use of standard fundamental analysis techniques in order to compare the performance of different companies becomes less effective while different companies/different management teams assume different objectives. As we have made evaluations of different theories, we have come to accept maximizing shareholder’s wealth as the most reasonable fundamental objective of the company. Still, we belive that additional speciffications concearning the relationship between enterprise’s value and shareholder’s wealth should be made.

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