According to Moyer, et al., “effective financial decision making requires an understanding of the goal(s) of the firm” (2018, Section 1.2, para. 1). Although firms may have very different business strategies and product offerings, most firms have a similar goal of maximizing shareholder wealth. In this discussion forum, you will explore the concept of shareholder wealth maximization and agency conflict.In your post (with a minimum of 300 words),Explain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal.Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns).Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values.Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal.Construct one question related to shareholder wealth maximization goals.
