International Financial Management 8E - Eun - TBChapter 4

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1、ExamName___________________________________TRUE/FALSE.Write'T'ifthestatementistrueand'F'ifthestatementisfalse.1)Countrieswithstrongshareholderprotectiontendtohavemorevaluablestockmarkets1)andmorecompanieslistedonstockexchangespercapitathancountrieswithweakprote

2、ction.Answer:TrueFalseTopic:CapitalMarketsandValuationMULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion.2)Corporategovernancecanbedefinedas2)A)theeconomic,legal,andinstitutionalframeworkinwhichcorporatecontrolandcashflowrig

3、htsaredistributedamongshareholders,managersandotherstakeholdersofthecompany.B)therulesandregulationsadoptedbyboardsofdirectorsspecifyinghowtomanagecompanies.C)thegovernment-imposedrulesandregulationsaffectingcorporatemanagement.D)thegeneralframeworkinwhichcompa

4、nymanagementisselectedandmonitored.Answer:ATopic:CorporateGovernance3)Whenmanagerialself-dealingsareexcessiveandleftunchecked,3)A)theycanimpedetheproperfunctionsofcapitalmarkets.B)theycanimpedesuchmeasuresasGDPgrowth.C)theycanhaveseriousnegativeeffectsonshareva

5、lues.D)alloftheoptionsAnswer:DTopic:CorporateGovernance4)Corporategovernancestructure4)A)variesagreatdealacrosscountries.B)hasbecomehomogenizedduetocross-listingofsharesofmanypubliccorporations.C)hasbecomehomogenizedfollowingtheintegrationofcapitalmarkets.D)non

6、eoftheoptionsAnswer:ATopic:CorporateGovernance15)Thegeniusofpubliccorporationsstemsfromtheircapacitytoallowefficientsharingor5)spreadingofriskamongmanyinvestors,whocanbuyandselltheirownershipsharesonliquidstockexchangesandletprofessionalmanagersrunthecompanyonb

7、ehalfofshareholders.ThisrisksharingstemsfromA)thelimitedliabilityofbondholders.B)thelimitedliabilityofshareholders.C)theliquidityoftheshares.D)thelimitedabilityofshareholders.Answer:BTopic:GovernanceofthePublicCorporation:KeyIssues6)Inapubliccompanywithdiffused

8、ownership,theboardofdirectorsisentrustedwith6)A)monitoringthemanagementandsafeguardingtheinterestsofshareholders.B)monitoringtheauditorsandsafeguardingtheinterestsofsharehol