Why are companies with a weak board of directors likely to be underlevered (they would use less

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Why are companies with a weak board of directors likely to be underlevered (they would use less debt than the optimal amount they could issue)?

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Finance for Executives Managing for Value Creation

ISBN: 978-0538751346

4th edition

Authors: Gabriel Hawawini, Claude Viallet

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Question Posted: Mar 27, 2015 10:02 AM

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Why are companies with a weak board of directors likely to be underlevered (they would use less

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It is in the interest of the managers to maintain a low debttoequity ratio when ...View the full answer

Finance for Executives Managing for Value Creation

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