Market Demand Curve for Common Stock and the Maximization of Market Value

G. A. Whitmore

Journal of Financial and Quantitative Analysis, 1970, vol. 5, issue 1, 105-114

Abstract: 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.

Date: 1970
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