10. Agency issues [LO 19.3] It is sometimes argued that excess cash held by a firm can...

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10. Agency issues [LO 19.3] It is sometimes argued that excess cash held by a firm can aggravate agency problems (discussed in Chapter 1) and, more generally, reduce incentives for shareholder wealth maximisation. How would you frame the issue here?

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Fundamentals Of Corporate Finance

ISBN: 9781743768051

8th Edition

Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan

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Question Posted: Oct 04, 2024 02:00 AM

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10. Agency issues [LO 19.3] It is sometimes argued that excess cash held by a firm can aggravate agency problems (discussed in Chapter 1) and, more generally, reduce incentives for shareholder wealth...
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10. Agency issues [LO 19.3] It is sometimes argued that excess cash held by a firm can...

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Fundamentals Of Corporate Finance

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