Discuss how the rise of capitalism, the shareholder wealth maximization paradigm has shaped corporate business practices and might have fed into a collapse of ethics in finance and an increase in corporate scandals.
This essay is designed to assess your ability to intelligently discuss financial theories surrounding the shareholder wealth maximization paradigm (e.g. agency theory). This essay is not a place to simply repeat material discussed in class; it is intended to be a means of getting you reflect on theory and practice and use academic insights into formulating an opinion on the matter.