Tian, Lihui (contributor) - 2002 - [Elektronische Ressource]
(NPV) projects. Under the separation of
ownership and control, the managers are reluctant to pay out cash flows to … firm cannot pay back some interest and loans. This holdup problem is universal.
18
The creditors pressured by the …,667.
16
It is a normal practice for a firm to pay
for the phone, taxi and dinner bills of the senior managers’ family …