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I need help with the ones that have select as an option. 1. Options are: shareholders, creditors, managers 2. employees debt holders or customers 3.

I need help with the ones that have "select" as an option.

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1. Options are: shareholders, creditors, managers 2. employees debt holders or customers 3. compensation 4. bondholders 5. stockholders 6. risky 7. debt. 8. ethics covenants or compensations 9. assets debt or equity 10. customers employees or managers.

Corporate Governance: Agency Conflicts Firms must provide the right incentives if they are to get-Select- between stockholders (represented by managers) and -Select-. Managers' personal goals may compete with shareholder wealth maximization. However, managers can be motivated to act in their stockholders' best interests through (1) reasonable compensation packages, (2) firing managers, and (3) the threat of hostile takeovers If a firm's stock is undervalued, corporate raiders will see it as a bargain and will attempt to capture the firm in a hostile takeover. to focus on long-run value maximization. Conflicts exist between managers and stockholders and generally receive fixed payments regardless of how the firm does, while -Select riskyventures, that have great payoffs to stockholders if successful but threaten bankruptcy if they fail, create conflicts. In addition, the use of -Select- earn higher returns when the firm's earnings are higher. Investments in additional debt increases stockholder/debtholder conflicts. Consequently, bondholders attempt to protect themselves by including Select- in bond agreements that limit firms' use of additional -Select- and constrain -Select- actions

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