What question did this study set out to answer?

This research examines the assumptions behind profit maximization as the sole objective of corporations.

The Objectives of the Corporation Under the Entity Concept.

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Explores profit maximization and survival as objectives for corporations, highlighting significant implications.

This research examines the assumptions behind profit maximization as the sole objective of corporations.
Analyzes various perspectives including logical, biological, and sociological.
Critiques conventional views on corporate motivations and objectives.
Cites references from multiple disciplines to support its arguments.
Rejects profit maximization as the primary corporate objective.
Defends the hypothesis of survival and growth as essential corporate goals.
Acknowledges the role of profit as a subordinate objective in achieving survival.

David H. Li (1964) studied this question.

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