NO.PZ2022090803000011
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：
SolutionB 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.
原因是债越多，公司管理层压力越大。。。。agency cost里面讲过。然后我要是员工我不怕你多发债啊，我就拿工资
