Costs of Financial Distress
{"Image DocumentName": "Costs of Financial Distress", "Image ImageDescription": "Direct Costs. Legal and administrative costs. Indirect Costs. Impaired ability to conduct business (e.g., lost sales) Agency Costs. Selfish Strategy 1: Incentive to take large risks. Selfish Strategy 2: Incentive toward underinvestment. Selfish Strategy 3: Milking the property.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}