Financial Objectives: The Traditional Approach

Abstract

The objective traditionally attributed to firms is maximisation of profits. In more recent years this has been replaced with the financial objective of maximisation of shareholder wealth.

Citation

Pass, C. and Dobbins, R. (1978), "Financial Objectives: The Traditional Approach", Managerial Finance, Vol. 4 No. 1, pp. 2-9. https://doi.org/10.1108/eb013409