Question
Start-up companies typically have little or no debt. Discuss if and how this fits with value maximization, given the cost-benefit trade-offs between different levels of
Start-up companies typically have little or no debt. Discuss if and how this fits with value maximization, given the cost-benefit trade-offs between different levels of debt and tax savings, overinvestment, business disruption, and investor conflicts.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
