How can too much debt lead to excessive risk-taking?

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Fundamentals of Corporate Finance

ISBN: 978-0321818171

2nd Canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Jan 05, 2019 12:50 PM

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How can too much debt lead to excessive risk-taking?

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When a firm has leverage a conflict of interest exists if inves...View the full answer

Fundamentals of Corporate Finance

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