题目
Which of the following stakeholders are least likely to be positively affected by increasing the proportion of debt in the capital structure?
选项
A.Senior management
B.Non-management employees
C.Shareholders
答案
B
解析
While leverage increases risk for all stakeholders, shareholders generally benefit through higher potential returns. Senior management typically benefits through equity-based compensation. For non-management employees, equity-based compensation is likely to be small to non-existent. 虽然杠杆增加了所有利益相关者的风险，但股东通常会从更高的潜在回报中获益。高级管理层通常通过基于股权的薪酬获益。对于非管理层员工，基于股权的薪酬可能很小，甚至不存在。