When a small business is first getting started, its goal may appear relatively straight forward: to make as much money as possible for its owners. But for a business to be successful long term, a new ...

I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...

This is a preview. Log in through your library . Abstract Many scholars and managers endorse the idea that the primary purpose of the firm is to make money for its owners. This shareholder wealth ...