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When companies use debt to provide cash flow discipline to managers and reduce discretionary cash flow, such as in an LBO, this addresses what are
When companies use debt to provide cash flow discipline to managers and reduce discretionary cash flow, such as in an LBO, this addresses what are known as:
| Strategy problems |
| Agency costs |
| Operating problems |
| Leverage problems |
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Computational Finance And Its Applications
Authors: C. A. Brebbia, M. Costantino
1st Edition
1853127094, 978-1853127090
