Excess Cash Flow - A Signal for Institutional and Corporate Governance (Hardcover, 2003 ed.)

Economic studies which examine the financing patterns of firms, particularly in emerging markets, seldom consider the market environment in which they operate. The most recent Asian financial crisis and its exposure of institutional failures in the context of financial sector liberalization show that these market conditions are vital. The positive relationship between a firm's excess cash flow and investment are well known, but the environment which determines retention of cash as opposed to paying dividends remains unresolved. The results of this survey suggest a framework by which future research in data collection, theoretical analysis, and empirical testing may be undertaken.

General

Imprint:	Palgrave Macmillan
Country of origin:	United States
Release date:	October 2002
First published:	2003
Authors:	R. Dhumale
Dimensions:	216 x 140 x 17mm (L x W x T)
Format:	Hardcover
Pages:	218
Edition:	2003 ed.
ISBN-13:	978-1-4039-0039-5
Categories:	Books > Business & Economics > Economics > Development economics Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Business & Economics > Business & management > Management of specific areas > Budgeting & financial management Books > Money & Finance > Corporate finance
LSN:	1-4039-0039-6
Barcode:	9781403900395

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