Agency costs of free cash flow : the South African experience
Includes bibliography. === The use of free cash flow has been a source of conflict between shareholders and managers. This conflict derives from the agency relationship between shareholders and managers in that decisions taken by managers (as agents) affect the shareholders (as principals). The deci...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Dissertation |
| Language: | English |
| Published: |
University of Cape Town
2014
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/11427/9518 |