In this session, I look at what the end game or objective of a business should be, arguing that while there may be multiple stakeholders in a businesses, it is shareholders that have to remain the center of attention, simply because they are the only group with no contractual claim on cash flows.
Slides: www.stern.nyu.edu/~adamodar/p...
(This is a blast from the past, since these are recordings of a corporate finance class that I taught in the Stern Trium MBA program in January 2016. That said, corporate finance first principles don't magically change over time, and while nothing is timeless, the lessons hold up. The class was a three-day class, with twelve recordings of about an hour and a half each. You can get the entire playlist by going here:
• Corporate Finance Exec...
The webpage for the class, with links to additional material is here:
pages.stern.nyu.edu/~adamodar...
The lecture notes for the class are at this link:
pages.stern.nyu.edu/~adamodar...)