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Market Demand Curve for Common Stock and the Maximization of Market Value
Published online by Cambridge University Press: 19 October 2009
Extract
In this paper, a simple model of individual financial decision making is used (1) to construct the market demand curve for common stock, and (2) to question the appropriateness of market value maximization as the objective of corporate financial management.
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- Research Article
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- Copyright © School of Business Administration, University of Washington 1970
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