NO.PZ2023090504000006
问题如下:
Which of the following stakeholders are most likely to demand higher returns and risk premiums when faced with greater information asymmetry due to the greater potential conflicts of interest?
选项:
A.
Directors and managers
B.
Suppliers and customers
C.
Shareholders and lenders
解释:
C is correct. Greater information asymmetry increases risk for shareholders and lenders, who will seek to be compensated for taking that risk with a lower share price or multiple and a higher yield on debt investments.
A is incorrect, because directors and managers have more information about a company’s performance, risks, and investment opportunities than outsiders, such as shareholders and lenders.
B is incorrect, because while suppliers and customers are outsiders with information asymmetry, their relationship is contractual and not based on investment return.
lender为了防止债务违约风险应该不会追求high risk premium才对吧