As a governance mechanism, the market for corporate control is ineffective when internal controls fail.

Name: As a governance mechanism, the market for corporate control is ineffective when internal controls fail.
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Question

Quizplus · Accepted Answer

The market for corporate control becomes particularly relevant and potentially effective when internal controls fail, as it serves as an external mechanism to discipline or replace underperforming management through takeovers or the threat thereof.

As a Governance Mechanism, the Market for Corporate Control Is