More cards in this set

Card 6

Front

Beyond M&M Proposition 1 proof: investors unable to 'undo' firms capital structure

Back

Preview of the front of card 6

Card 7

Front

Financial distress costs: assumptions (2)

Back

Preview of the front of card 7

Card 8

Front

Financial distress defintion

Back

Preview of the front of card 8

Card 9

Front

Financial distress costs: type 1

Back

Preview of the front of card 9

Card 10

Front

Financial distress costs: type 2

Back

Preview of the front of card 10

Card 11

Front

Financial distress costs: type 2: SH exploit DH through 2 channels

Back

Preview of the front of card 11

Card 12

Front

Conflicts of interests/ agency costs don't always hold

Back

Preview of the front of card 12

Card 13

Front

How can DH/ SH gain bargining power

Back

Preview of the front of card 13

Card 14

Front

Other issues from high financial distress risk caused by SH (2)

Back

Preview of the front of card 14

Card 15

Front

How firms can minimise conflicts of interest/ agency cost issue (6)

Back

Preview of the front of card 15