Equity Investments 【 Reading 28】习题精选
Which of the following statements regarding corporate governance is least accurate? A)
| Recent financial scandals have focused mostly on managers’ insufficient effort. |
| B)
| European laws have helped managers avoid takeovers. |
| C)
| Moral hazard problems occur because the owners of the firm often have a distant relationship with the firm’s management. |
|
Recent scandals have focused mostly on self-dealing (e.g., plush office decorations) rather than less obvious management deficiencies (e.g., insufficient effort) because it is much more visible and easier to prove. |