Which of the following statements is FALSE?
A、A serious concern for large corporations is that managers may make large, unprofitable investments.
B、While overspending on personal perks may be a problem for large firms, these costs are likely to be small relative to the overall value of the firm.
C、Some financial economists explain a manager's willingness to engage in negative-NPV investments as empire building.
D、While ownership is often diluted for small, young firms, ownership typically becomes concentrated over time as a firm grows.