Intra-industry Effects of Capital Reduction by Returning Cash to Shareholders Announcements
碩士 === 清雲科技大學 === 財務金融所 === 99 === Abstract Jensen (1986) argues the implicit agency problem may embed with excess free cash flows since managers will selfishly overinvestment to distribute the surplus. Therefore, if firms repurchase stocks or deduct capital by returning cash to shareholders to dist...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/10068742720523160073 |