Issuing new debt instead of new equity in a closely held firm more likely causes owner-managers to work harder than they

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answerhappygod
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Issuing new debt instead of new equity in a closely held firm more likely causes owner-managers to work harder than they

Post by answerhappygod »

Issuing new debt instead of new equity in a closely held firm
more likely causes owner-managers to
work harder than they would if equity had been issued.
accept more unprofitable projects.
shirk their duties as they have less capital at risk.
enjoy more leisure time than they would with an equity
issue.
consume more perquisites because the cost is passed on to the
debtholders.
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