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Financial Management

Managers are naturally inclined to act in their own best interests. But the following factors affect managerial behavior: Managerial compensation plans, Direct intervention by shareholders, The threat of firing, The threat of takeover. Shareholders versus Creditors

Shareholders (through managers) could
take actions to maximize stock price
that are detrimental to creditors.

In the long run, such actions will raise
the cost of debt and ultimately lower
stock price.

Từ khóa: financial accounting, business finance, business operations, financial ratios, business management, financial management,

670 p tailieu_mku 02/06/2012 403 2

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