Managerial risk aversion usually mitigates the fear of creditors that they will be expropriated by risk shifting

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Managerial risk aversion usually mitigates the fear of creditors that they will be expropriated by risk shifting because managers dislike the same kind of risk. After all, if the firm were to go bankrupt, these managers would lose their jobs.

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Corporate Finance An Introduction

ISBN: 9780321277992

1st Edition

Authors: Ivo Welch

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Question Posted: Oct 26, 2024 04:02 AM

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Managerial risk aversion usually mitigates the fear of creditors that they will be expropriated by risk shifting

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Corporate Finance An Introduction

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