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Reckless Strategic Financial Behavior: Ill-Conceived Financial Management

In: Executive Greed

Author

Listed:
  • Vinay B. Kothari

Abstract

Corporate management’s primary responsibility is to protect the stockholders’ long-term ownership interests in financial security and growth. But, in the pursuit of their own personal financial interests, the CEO and his/ her top executives and advisors jeopardize their organization with their imprudent financial strategies and practices. Instead of implementing effective business policies and approaches, corporate leaders undertake risky financial behavior and focus on the organization’s current profitability and fast maximization of return on investment. They ignore the corporate strategic market advantages and potential for long-term cash flows. They disregard the cash problems and corporate security in the years to come.

Suggested Citation

  • Vinay B. Kothari, 2010. "Reckless Strategic Financial Behavior: Ill-Conceived Financial Management," Palgrave Macmillan Books, in: Executive Greed, chapter 0, pages 143-150, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-10965-0_14
    DOI: 10.1057/9780230109650_14
    as

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