NO.PZ2023090503000010
问题如下:
Compared with public debtholders (e.g., bondholders), private debtholders (e.g., banks, lessors):
选项:
A.
have less influence over company management.
B.
have access to non-public information about the company
C.
are less likely to consent to changes in the debt contract.
解释:
B is correct. Private debtholders, including banks and other direct lenders, typically have direct access to management and non-public information, which lowers information asymmetry.
A is incorrect. Private debtholders typically have more influence over company management than bondholders do.
C is incorrect. Private debtholders have closer and more bespoke relationships with borrowers than bondholders do and thus are more likely to allow changes in the debt contract, such as changing covenants.
nonpublic information在半有效和弱有效市场下不存在吧?