Question

The goal of the managers of a publicly owned company should be to maximize the firm’s.

Answer 1

The goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.

What is a publicly owned company?

• A public company, also known as a publicly traded company, publicly owned company, publicly listed company, or public limited company, is a company whose stock is freely listed on a stock exchange or in over-the-counter marketplaces.
• A public (publicly traded) company may or may not be listed on a stock exchange (listed company), which facilitates share trading (unlisted public company).
• Public companies of a certain size must be listed on an exchange in some jurisdictions.
• In most cases, public companies are private enterprises in the private sector, and the term "public" emphasizes their public market reporting and trading.
• A publicly traded company's managers should strive to maximize the firm's common stock value.

Therefore, the goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.

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