Lastly, in contrast to financial healthy enterprise, financial distress enterprise has more serious information asymmetry more prominent adverse choice and moral hazard. So its sensitivity of investment-cash flow is more stronger.

  • 最后,相对于健康企业,财务困境企业的投资者与管理者之间的信息不对称问题更为严重,逆向选择和道德风险问题也更为突出,投资现金流敏感性也更为显著。

  • 互联网摘选 2025-01-19 23:56:48

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