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Beats Audio Headphones Canada,Dre0353,we derive the optimal level of

Beats Audio Headphones Canada,Dre0353,we derive the optimal level of

This paper examines the effect of debt and liquidity on corporate investment in a continuous-time framework. We show that stockholder–bondholder agency conflicts cause investment thresholds to be U-shaped in leverage and decreasing in liquidity. In the absence of tax effects, we derive the optimal level of liquid funds that eliminates agency costs by implementing the first-best investment policy for a given capital structure. In a second step we generalize the framework by introducing a tax advantage of debt, and we show that an interior solution for liquidity and capital structure optimally trades off tax benefits and agency costs of debt. Over the last forty years, research on employee recruitment has increased dramatically. In this paper, I review research on recruitment topics that have received considerable attention (e.g., recruitment methods, realistic job previews). I also address topics (e.g., targeted recruitment, the site visit) that have received relatively little attention but that have the potential to be quite important. In examining these topics, job applicant variables (e.g., self-insight), that should influence how an employer conducts the recruitment Beats Audio Headphones Canada process but that have frequently been neglected, are discussed. Throughout the paper, important areas for future research are suggested. Buy Beats Canada
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