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What types of firms would we expect to observe higher direct agency costs of equity, such as consuming excessive perquisites by management ? Question 7
What types of firms would we expect to observe higher direct agency costs of equity, such as consuming excessive perquisites by management
Question options:
a
Firms with high free cash flows
b
Firms with fewer growth opportunities
c
Firms with weak governance structures
d
All of the above options are correct
e
None of the options are correct
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