The basic rationale for the objective of shareholders’ wealth maximization is that it reflects the most efficient use of society’s economic resources and thus leads to a maximization of society’s economic wealth”. Comment critically

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter1: The Role And Objective Of Financial Management
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The basic rationale for the objective of shareholders’ wealth maximization is that it reflects the most efficient use of society’s economic resources and thus leads to a maximization of society’s economic wealth”. Comment critically. 
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