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Class notes THE OBJECTIVE IN CORPORATE FINANCE
- Class notes • 342 pages • 2024
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¨ Businesses have always struggled with mission statements. 
Put simply, what should the end game of a business? 
¤ The simplest and most pragmatic answer is that it is to sell products 
and services that customers want, while generating the most you can 
in profits for their owners, over the long term. 
¤ The pushback, often from non-business critics, has been that 
businesses should also serve society, not just minimizing social costs 
but also providing social benefits. 
¨ In recent years...
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