Maximizationofshareholderwealth or othergoals

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Unformatted text preview: bout “International” Finance? • Expanded Opportunity Set – It doesn’t make sense to play in only one corner of the sandbox. – True for corporations as well as individual investors. Goals for International Financial Management • The focus of the text is to equip the reader with the “intellectual toolbox” of an effective global manager—but what goal should this effective global manager be working toward? • Maximization of shareholder wealth? or • Other Goals? Maximize Shareholder Wealth Maximize Shareholder Wealth • Long accepted as a goal in the Anglo­ Saxon countries, but complications arise. – Who are and where are the shareholders? – In what currency should...
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