Blueprint Problem – Agency Conflicts

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  • Search Terms: compensation covenants debt debtholders . managers managers' risky stockholders () (represented a act actions. addition, additional agreements and are as attempt bankruptcy bargain be best between bond bondholders but by can capture compete conflicts conflicts. consequently, constrain corporate create debtholder does, earn earnings exist fail, firing firm firm's firms firms' fixed focus generally get goals great have higher higher. hostile how however, if in incentives including increases interests investments is it limit long-run managers managers' managers) managers, maximization. may motivated must of on packages, payments payoffs personal protect provide raiders reasonable receive regardless returns right see shareholder stock stockholder- stockholders stockholders' successful takeover. bondholders takeovers. that the their themselves they threat threaten through to undervalued, use value ventures, wealth when while will with
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