What Are the Fundamental Differences Between the Preconventional, Conventional, and Postconventional

question 89

Essay

What are the fundamental differences between the preconventional, conventional, and postconventional levels of moral reasoning?

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Definitions:

Signaling Effects

The idea that actions taken by a company, such as dividend payments or changes, can provide information to the market about its future prospects.

Stock Repurchase

A program by which a company buys back its own shares from the marketplace, usually to increase the value of remaining shares.

Excess Cash

Excess cash refers to the amount of cash holdings that exceed what a company needs for its operational requirements, often invested or returned to shareholders.

Repurchase Prices

The cost at which a company can buy back shares or securities from the market or shareholders.