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Define agency problems in general. Offer one example of such problems resulting from the separation of ownership and management. Offer another example of such problems
Define agency problems in general. Offer one example of such problems resulting from the separation of ownership and management. Offer another example of such problems resulting from the conflicts of interest between debtholders and shareholders during financial distress. Also provide two corporate governance mechanisms to mitigate agency problems, one internal and the other external.
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