"Corporate Finance":The main motive of radical shareholders
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Questions 1:
The primary motivation of activist shareholders is to promote:
A 、improved shareholder value.
B 、environmentally sustainable business practices.
C 、consideration of human rights in employee relations.
Questions 2:
A firm’s before-tax costs of debt, preferred stock, and equity are 12%, 17%, and 20%, respectively. Assuming equal funding from each source and a marginal tax rate of 40%, the weighted average cost of capital (%) is closest to:
A 、14.7%.
B 、9.8%.
C、 13.9%.
A is correct. The primary motivation of activist shareholders is to increase shareholder value. If they feel management or the board has failed to act in the best interests of shareholders, they may attempt to force changes by gaining control of the board. B is incorrect. This is more likely to be a goal of ESG investors with an investment mandate focused on environmental factors. C is incorrect. This is more likely to be a goal of ESG investors with an investing mandate focused on social factors.
A is correct.
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