Question: : Consider the statement in the textbook that the goal of financial management is to maximize the market value of owners' equity (or equivalently in

: Consider the statement in the textbook that the goal of financial management is to maximize the market value of owners' equity (or equivalently in the case of public companies: maximize the current per-share value of the existing stock). Do you think such a goal underserves other stakeholders in the firm, such as customers, employees, and the community?

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