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21. From a finance perspective, conglomerates are problematic, because the purported diversification benefits that create value for their shareholders is likely to be illusory considering
21. From a finance perspective, conglomerates are problematic, because the purported diversification benefits that create value for their shareholders is likely to be illusory considering that shareholders can diversify on their own and do not need the company to do it for them. True False 22. The issue of equity often cause a company's stock price to decrease because of signaling. True False 23. Management should prioritize payment of dividends because that would create value for shareholders. True False
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