Solved: Goal of maximization of shareholder wealth, Finance Basics

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Goal of maximization of shareholder wealth

Question:

Firms often involve themselves in projects that do not result directly in profits. For example, IBM and ExxonMobil frequently support public television broadcasts. Do these projects contradict the goal of maximization of shareholder wealth? Why or why not?

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Finance Basics: Goal of maximization of shareholder wealth

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Finance Basics: Goal of maximization of shareholder wealth

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