NO.PZ2023041004000053
问题如下：
Prover and Couter are employees in a Private Equity firm, Spectrum Partner. Prover wants to discuss the sources of value creation in private equity investing. Couter offers to explain Spectrum Partner’s strategy: “We acquire portfolio companies using debt raised in the syndicated loan and high-yield bond markets. Accordingly, the effect of financial leverage is the predominant source of value creation in private equity. By combining ownership and management, we align closely with the legacy management team in terms of re-engineering the firm by engaging in value-creating activities, such as executing on acquisition opportunities and advising on strategic priorities.”
Is Couter’s explanation regarding private equity value creation most likely correct?
选项：
A.Yes. B.No, with regard to financial leverage. C.No, with regard to re-engineering the firm.解释：
Couter’s statement that financial leverage is the predominant source of value creation in private equity is incorrect. Value creation in private equity is generally attributable to all three of the following: (1) a better alignment of interests between private equity firm owners and the managers of the firms they control, (2) financial leverage (i.e., accessing credit on favorable terms), and (3) the ability to re-engineer private firms to generate superior returns.解析说，私募股权收益三个来源：财务杠杆、赋能企业、协调管理人和所有人。
为什么答案却说财务杠杆是错的？
