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Article
Publication date: 1 April 1985
Jonathan B. Welch and Coleen Pantalone
The choice of a primary financial goal is considered an important part of any organization's planning process. A lingering question is whether stockholder welfare can really be…
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Abstract
The choice of a primary financial goal is considered an important part of any organization's planning process. A lingering question is whether stockholder welfare can really be affected by a company's decision to change this goal.