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cheeric · 2022年06月29日

不是说股东不愿意公司高杠杆吗 那样出风险了对股东不利

NO.PZ2021091701000039

问题如下:

Which of the following stakeholders are least likely to be positively affected by increasing the proportion of debt in the capital structure?

选项:

A.

Senior management

B.

Non-management employees

C.

Shareholders

解释:

B is correct. While leverage increases risk for all stakeholders, shareholders generally benefit through higher potential returns. Senior management typically benefits through equity-based compensation. For non-management employees, equity-based compensation is likely to be small to non-existent.

问题同标题 为什么不选股东呢 谢谢老师

1 个答案
已采纳答案

王琛_品职助教 · 2022年06月30日

嗨,爱思考的PZer你好:


1

其实严谨的说,增加杠杆,对三类利益相关方来说,都是增加了风险,不光是股东风险增加哈

但是不同的是,增加杠杠之后,所获得的的好处,也就是潜在的回报,三类人受益的程度是不同的

普通职员,因为几乎没有股权激励或者只有很少的部分,所以杠杆提升之后获得潜在回报的这种积极影响,是三个选项中程度最低的,所以才是选 B

也请参考基础班讲义 P141

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cheeric · 2023年05月07日

谢谢老师

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