Country-level Governance and Corporate Cash Holdings: Evidence in the United States, United Kingdom, Germany, and France
碩士 === 國立交通大學 === 財務金融研究所 === 99 === Based on the free cash flow hypothesis, firms that have more free cash flow are prone to agency problem. However, previous empirical studies suggest that a country with better country-level governance has higher shareholder rights and lower financial constraints;...
| Main Authors: | , |
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| Format: | Others |
| Language: | en_US |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/59246433506957149184 |