|
|
Investing Glossary:
Underinvestment problem
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- U -
| Term: |
|
| Definition: |
| The mirror image of the Asset substitution problem, in that stockholders refuse to Invest in low-risk Assets to avoid shifting wealth from themselves to debtholders.
|
|
|
|  |
|
FREE Trend Alerts
|
|
|
