1.5 Agency problems arise when managers and shareholders have different objectives. Managers may empire-build with excessive investment...

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1.5 Agency problems arise when managers and shareholders have different objectives. Managers may empire-build with excessive investment and growth. Managers may be unduly risk- averse, or they may try to take excessive salaries or perquisites.

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Fundamentals Of Corporate Finance

ISBN: 9780073382302

6th Edition

Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus

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Question Posted: Jul 31, 2024 09:01 AM

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1.5 Agency problems arise when managers and shareholders have different objectives. Managers may empire-build with excessive investment...

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Fundamentals Of Corporate Finance

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