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Q. Criticism of Wealth Maximization?
i) The objective of wealth maximization is not, necessarily, socially desirable.
ii) There is some controversy whether the objective of maximization of wealth is of the firm orStockholders. If wealth of firm were maximized, it would be benefiting the interests of debenture holders and preference shareholders too.
iii) In corporate sector, ownership and management are separate unlike in a sole proprietorship. Management acts as the agents of real owners i.e. shareholders. However, there is always a possibility of conflict of interest between, the shareholders' interests and managerial interests. The managers may act to maximize their managerial utility but not the wealth of stockholders of the firm. A particular decision may be taken to exhibit their managerial utility and that decision may not be in the exclusive interests of the firm. Many a time, individuals place their personal preferences and selfish interests, ahead of the institutional interests.
What is the correlation between the efficient portfolio and the risk-free asset? Possible answers are +1, -1, 0, or cannot be calculated.
aggressive policy
7. Bill Peters is the investment officer of a $60 million pension fund. He has become concerned about the big price swings that have occurred lately in the fund’s fixed income sec
calculate
Securitization refers to conversion of illiquid assets to liquid assets by converting longer duration cash flows into shorter duration ones. Securitization denote
Q. What are Sources of Finance? No details are specified concerning the nature of a business to comment on and hence only general recommendations can be made. Given that fixed
Q. What do you mean by Marketability? Marketability: The firm must be able to sell its holdings and realize cash as and when required. The securities must be readily marketable
ON THE BASIS OF TIME • Long term budget : as per the National Association of Accountants, America, a long term budget is a systematic and formalized process for purposeful co
The dividend is the part of the net income that the company distributes to shareholders. As the dividend represents real money, the net income is also real money. Is that true?
Q. Classification of Working Capital? Classification of Working Capital: - Working Capital is able to be classified in two ways firstly on the basis of concept and secondly on
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