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According to Jerven & Mecking, as the amount of debt in the capital structure increases, what is the effect of Risk Shifting on the wealth

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According to Jerven & Mecking, as the amount of debt in the capital structure increases, what is the effect of Risk Shifting on the wealth of the stockholders and bondholders of the form Munge Choice Decrewing them of the firm's set increase shareholder welthen the expense of the bondholden bremsing them of the firm's cases whareholder were expense of the bordholders Shing has no effect on the weath of the stockholders and bondholders of the form Increasing the of the most increases bondholder with the expense of the wholders

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