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boland boland
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8 years ago
During the 1990s, rapidly increasing stock prices exposed a flaw in the shareholder wealth maximization model, the seeking of short-term value maximization.  Such behavior by management is characterized by all but which of the following?
A) overly generous use of stock options to motivate management
B) improper reporting of earnings by management
C) a focus on quarterly earnings
D) All of the above may be characteristics of short-term value maximization.
Textbook 
Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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noxx53noxx53
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