Does a focus on shareholfder value properly capture a corpor

Does a focus on shareholfder value properly capture a corporations reason for existence?

Solution

yes ofcorse the shareholders are the real owner of the company , the value creation for the shareholders gives benefit to the existence of the company aswell because for the long term survival of the company it is very important for the companies to take care of their real owners. They are the ones who are at stake they have invested their money into the company and their existence depends upon the existence of the company.