Agency Issues It is sometimes argued that excess cash held by a fi rm can aggravate agency

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Agency Issues It is sometimes argued that excess cash held by a fi rm can aggravate agency problems (discussed in Chapter 1) and, more generally, reduce incentives for shareholder wealth maximization. How would you frame the issue here?

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Corporate Finance

ISBN: 9780073105901

8th Edition

Authors: Jeffrey Jaffe, Bradford D Jordan

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