摩羯大小姐 · 2022年02月06日
B怎么改对呢，谁平衡equityholders and bebtholders的利益？
No.PZ2021050708000052 (选择题)
Which of the following is least accurate with respect to debt–equity conflicts?
A
Equityholders focus on potential upside and downside, while debtholders focus primarily on downside risk.
B
Management attempts to balance the interests of equityholders and debtholders.
C
Debt covenants can mitigate the conflict between debtholders and equityholders.
王琛_品职助教 · 2022年02月07日
嗨，从没放弃的小努力你好：
1
选项 B 的分析思路为：管理层一般都是代表股东的利益，和股东是同一战线的，比如股东为了拉拢高管会给高管股权
2
原版书中介绍的思路，主要是针对利益相关方之间的利益冲突，出题人想考查的也是这个点
原版书只是在笼统介绍平衡各方利益时，提到了公司和监管机构，参考原版书 P609
"Although the practices underlying stakeholder management may vary, companies typically seek to balance the interests of their various stakeholders and thus limit the effect of conflicts."
"Globally, there is a growing movement among regulators and practitioners to more effectively balance the interests of all stakeholders."
但是并没有特别强调是谁在平衡 equityholders 和 bebtholders，所以我觉得这里并不是出题点
3
这道题的选项 B，关键还是把握好管理层的站队问题，即和股东是一条战线的
----------------------------------------------就算太阳没有迎着我们而来，我们正在朝着它而去，加油！
