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卓娅 · 2023年03月25日

请问怎么理解这题中的非上市公司的挑战是误差小?

NO.PZ2022120701000051

问题如下:

Compared to companies financed by public equity, those financed by private equity are most likely to face governance challenges arising from:

选项:

A.a small margin for error. B.a lack of board responsiveness. C.investor susceptibility to misinformation.

解释:

Companies financed by private equity are more likely to be highly indebted, leading to little margin for error even in an otherwise well-functioning governance system Because private equity investors are often directly represented on the board, private equity boards are often more responsive and less subject to investor misinformation than their public board counterparts

请问怎么理解非上市公司的挑战是误差小?

1 个答案

Tina_品职助教 · 2023年03月25日

嗨,努力学习的PZer你好:


同学你好,

A的意思是更小的容错余地,就是更小幅度的偏差。也就是因为私募公司有很高的举债,所以它的风险很高,一点偏差就可能因为举债的杠杆,造成非常高的无法挽回的损失,即便这时候其它方面运行任然良好。

而因为私募对公司内部董事会参与较多,所以相对上市公司的投资者,B,C两项的问题比较少。


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