1. Mid-2013 we could see that large food processing groups (Danone, Nestlé, Unilever) were valued at 13.9 times their expected results. For smaller groups in the same sector (LDC, Bonduelle, Ebro) the ratio was only 10.8. State your views
2. Describe the nature of accelerated earnings. What agency problems could result from these? What key elements of oversight could contain them?