Question: Often the normative objective function of the financial manager and social responsibility are incompatible . Social responsibility means giving back to the community and the

Often the normative objective function of the financial manager and social responsibility are incompatible . Social responsibility means giving back to the community and the normative objective function of the financial manager is to maximize shareholder wealth . One issue is that socially responsible projects often have negative net present values.

Do you think the two are compatible ? Explain your answer.

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