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Incentive Problem and Consumption of Perquisites
Incentive ProblemManagers may have fixed salary and they may have no incentive to work hard and maximize shareholders wealth. It is as irrespective of the profits they make, their reward is set. Therefore they will maximize leisure and work less that is against the interest of the shareholders.Consumption of "Perquisites"Prerequisites consider to the high salaries and generous fringe benefits such the directors might award themselves. This will comprise director's remuneration that will shrink the dividends paid to the usual shareholders. Consequently the consumption of perquisites is against the interest of shareholders while it shrinks their wealth.
Head Office and Branch or Subsidiary MNC has diverse operations set up in dissimilar geographical locations. The HQ acts like the principal and the subsidiary like an agent he
management and directors
Homework Chapter 4 A mortgage loan in the amount of $100,000 is made at 12% interest for 20 years. Payments are to be monthly in each part of this problem. a. What will monthly
Setting a Reorder Point - ROP Once the order quantity has been determined, the next question to be settled is when to place the order. If an order is released and it takes th
•How did the stock market indices react to these changes? •How did long-term U.S. Treasury bond yields react to these changes? •What happens to borrowers, savers, investors, and
Stardusts has 1 debt issue outstanding. The debt matures on August 15, 2017, and has a 6.25% coupon. Coupons are paid semiannually. The bond is priced to yield 1.61% compound se
What is the Objectives of Listing Objectives of listing are mainly to: (i) Provide liquidity to securities. (ii) Mobilize savings for economic growth. (iii) Protect
Use the concepts of marginal cost and marginal revenue to derive an optimal capital budget for Company X, which has identified 7 possible investment projects and determined its cos
On 1 January 2008, a young artist called Michelangelo signed a contract with a charity named Art Angels, which supports young artists to do large projects. The agreement requires M
defect of traditional defect
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