Essay: The Goals and Functions of Financial Management

Among the key objective of financial management is to ensure that the shareholders continue to derive value for their money invested in the company through active participation in the capital markets. It is imperative to recognize that financial management applies the valuation approach in myriad of the financial organizations.

Milton Friedman is a renowned scholar who emphasized on the supremacy of the shareholder in any financial corporation, business and firms (Moyer et al, pg. 56). In fact, many Friedmanites explain that if the shareholders interests are not addressed, the company has deviated from the it’s main aim and thus liquidation would serve as an option

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