What inherent characteristic of corporations creates the need for a system of checks on manager behavior?

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Corporate Finance

ISBN: 978-0134083278

4th edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Nov 24, 2016 08:14 AM

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What inherent characteristic of corporations creates the need for a system of checks on manager behavior?

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The corporation allows for the separation of management and ownership Thus those w...View the full answer

Corporate Finance

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