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Shareholder wealth maximization vs normative stakeholder

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Shareholder Wealth Maximization vs Normative Stakeholder Theory. Jones&Felps

Explain the reasons that Jones and Felps give for reconsidering SWM. What macro-level problems do they appeal to? How does this put pressure on the Rule Utilitarian justification that is often given for SWM? Why are they not optimistic about the prospects of institutional reform?

Reference no: EM133170107

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