Stockholder wealth maximization is generally accepted as the ultimate goal of financial management in countries such as Australia, Canada, the United Kingdom, and the United States. However, French and German firms focus on maximizing the welfare of a firm's stakeholders. Explain the problems with stakeholder welfare maximization and their unintended result on the goals of firms operating abroad today.

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The Answer of Stockholder wealth maximization is generally accepted as the ultimate goal of financial management in countries such as Australia, Canada, the United Kingdom, and the United States. However, French and German firms focus on maximizing the welfare of a firm's stakeholders. Explain the problems with stakeholder welfare maximization and their unintended result on the goals of firms operating abroad today.

Stockholder Wealth Maximization Is Generally Accepted as the Ultimate Goal