Please read the Graham et al. and discuss why and how management forecast can destroy firm value.
Why are managers willing to give up the options that increase firm value in long-term? Is this behavior related to agency cost?
How?
Please read the Graham et al. and discuss why and how management forecast can destroy firm value.
Why are managers willing to give up the options that increase firm value in long-term? Is this behavior related to agency cost?
How?