Imagine that a firm has a large amount of excess cash and few positive-NPV projects. What might
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Imagine that a firm has a large amount of excess cash and few positive-NPV projects. What might the firm worry about with regards to manager spending? How can the firm prevent managers from wasting money?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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