The primary goal of a publicly traded company is to maximise the wealth of its shareholders. This implies that the management of the firm, as agents of the owners, has to manage the firm in such a manner as to create value ...
The recession of 2008/09 was the worst decline of global markets since the
Great Depression in the 1930's. Some international markets lost 30 - 50% of its
value in the period July to October 2008. The main reason for ...