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Financial intermediation is not confined to bank lending but is also carried out by nonbank firms such as mutual fund companies. How do mutual funds
- Financial intermediation is not confined to bank lending but is also carried out by nonbank firms such as mutual fund companies. How do mutual funds help overcome information problems in financial markets?
- Consider a small company run by a manager who is also the owner. If this company borrows funds, why might a moral hazard problem still exist?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
