NO.PZ2017111901000003
问题如下:
Which of the following represents a principal–agent conflict between shareholders and management?
选项:
A.
Risk tolerance
B.
Multiple share classes
C.
Accounting and reporting practices
解释:
A is correct.
Shareholder and manager interests can diverge with respect to risk tolerance. In some cases, shareholders with diversified investment portfolios can have a fairly high risk tolerance because specific company risk can be diversified away. Managers are typically more risk averse in their corporate decision making to better protect their employment status
如题,management可以采用更为激进或者保守的手段来粉饰自己的业绩