Free Cash Flow and Takeover Threats: An Experimental Study.

A classic theory of corporate governance holds that when cash flow is high and investment opportunities scarce, takeover threats reduce managerial self-dealing and encourage dividend payment to owners. I conduct laboratory experiments studying the effect of cash flow on self-dealing and the effect o...

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Publicado en:	Southern Economic Journal Vol. 75; no. 2; pp. 351 - 367
Autor principal:	Oprea, Ryan
Formato:	Artículo
Publicado:	Wiley-Blackwell Oct2008
Materias:	Industrial management Investments Corporate governance Mergers & acquisitions Cash flow Corporate finance Payment Cash management Net present value
Acceso en línea:	Ver este registro en EBSCOhost