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Wasteful investment - PowerPoint PPT Presentation

Chapter 16.5- 16.6

Agency costs and firm leverage. Chapter 16.5- 16.6. outline. The separation of ownership and control Asset Substitution Moral Hazard Free Cash Flow problem Leverage and the conflict between employees and shareholders competition. The Asset Substitution problem.

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Power from the Sun: Solar, Hydro and Wind

Power from the Sun: Solar, Hydro and Wind. Dennis Silverman U. C. Irvine Physics and Astronomy. Solar Power. Most of all energy we use comes or has come from the sun. Fossil fuels arise from fossil plants and animals converted to carbon (coal), or hydrocarbons (methane and petroleum).

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543 views • 30 slides

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Wasteful investment - PowerPoint PPT Presentation

Chapter 16.5- 16.6

Power from the Sun: Solar, Hydro and Wind