How separation of ownership lead to poor management
Explain how the separation of ownership and control in American corporations might lead to poor management.
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What do we mean when we say that capital market research involves a joint test of both market efficiency and the model used to estimate abnormal returns?
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Why is the choice between the FIFO-LIFO inventory methods an interesting issue in capital market research?
Calculate EVA for both subsidiaries. Note that since no adjustments for accounting distortions are being made, EVA is equivalent to residual income.
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