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Which statement is true? a.Publicly listed companies are run more efficiently by their manager since there is better risk sharing b.Family firms provide better insurance
Which statement is true?
a.Publicly listed companies are run more efficiently by their manager since there is better risk sharing
b.Family firms provide better insurance to their shareholders since there is noP-Aproblem
c.The threat of a take over by private equity provides a partial solution for the excess insurance problem in publicly listed companies
d.Family firms in particular suffer from the excess insurance problem
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