Learning Outcomes:
On completion of this module, students should: -
1. Understand why shareholder wealth maximization is considered to be the primary objective of a business.
2. Achieve a good practical understanding of the three principal financial decisions that flow from shareholder wealth maximization, namely
i) the financing decision,
ii) the investment decision, and,
iii) the dividend decision.
3. Appreciate the theoretical principles associated with the 3 principal financial decisions.