1. What is meant by market efficiency? Critically discuss why the market efficiency assumption is important for...
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1. What is meant by market efficiency? Critically discuss why the market efficiency assumption is important for capital markets (300Words)
2. What are the three agency costs defined by Jensen and Meckling (1976) in the context of Agency Theory? and do you think accounting information has any role in reducing agency costs? (300Words)
3. What are the most common methods of earnings management? Critically discuss the incentives why managers may engage in earnings management activities (300Words)
4. What are the three common heuristics types defined by Tversky and Kahneman (1979) that individuals are assumed to apply when making decisions? And Critically discuss how the decision-making process is affected by simplifying heuristics (300Words)
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