Question: Please answer the following question based on the assigned article of Module 5: Corporate governance and risk-taking in New Zealand by Koerniadi, Krishnamurti, and Tourani-Rad,

Please answer the following question based on the assigned article of Module 5: "Corporate governance and risk-taking in New Zealand" by Koerniadi, Krishnamurti, and Tourani-Rad, published in the Australian Journal of Management (2013): Which of the following is NOT true regarding corporate practice/behaviours in New Zealand? Select one:

O a. Ownership concentration (e.g. dominated shareholders) is high due to smaller capitalisation among listed firms.

O b. Management of NZ public firms do not receive effective disciplinary actions from the capital market due to its inactive takeover market. O c. Overall, NZ public firms are relatively passive in their risk-taking.

O d. Block holdings reduce risk-taking activities among NZ public firms.

O e. Performance-based compensation for management (e.g. stock option) is not widely used

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