1. Chapter 16 Financial Distress, Managerial Incentives,and Information 2. Chapter Outline 16.1 Default and Bankruptcy in a Perfect Market 16.2 The Costs of Bankruptcy and…
Slide 1Copyright © 2011 Pearson Prentice Hall. All rights reserved. 16-1 Incentive problems, tradeoff theory Berk and DeMarzo chapter 16 M170 Corporate Finance Handout 2…