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 object function of the financial manager is to maximize shareholders wealth. One issue is that socially reaponsible projects ogten have negative net present valies. Do you think the two are compatible?

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The compatibility between the normative objective function of the financial manager which is to maximize shareholder wealth and social responsibility ... View the full answer