Resumen de Social value of the firm: analyses and practical applications
This paper analyses the social value of a firm considering different objec- tive functions in a real options perspective. Our results show that the socially optimal investment policy is not Pareto optimal, but significant gains in the value (generated by a firm) can be obtained by departing from a strict share- holder maximizing objective. Taking into account the role of supporting businesses, this paper develops a simple cost benefit framework that serves as a tool for assessing public investment incentive policies
