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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

G. A. Whitmore
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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.

Information

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 5 , Issue 1 , March 1970 , pp. 105 - 114
Copyright
Copyright © School of Business Administration, University of Washington 1970

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References

REFERENCES

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