The impact of free cash flow and dividend policy on stock abnormal returns.
Agency costs arise when both parties to a contract, under which there is delegation of authority for decision-making from the principal to the agent performing some service, are both utility-maximizers. Monitoring expenditures are incurred by the principal and bonding expenditures by the agent.
Main Authors: | , , |
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Other Authors: | |
Format: | Thesis |
Language: | English |
Published: |
2009
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Subjects: | |
Online Access: | http://hdl.handle.net/10356/20021 |