The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009

Through the fast-paced evolution of technology and globalization, new innovative ideas are becoming available to the market. Of course, financial market imperfections are of existence. Agency costs and asymmetric information are some of the examples. Both of these can probably lead to overinvestment...

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Main Authors: Ang, Cassandra Mae Y., Posio, Jeric Paul P., Santos, Maria Ysabel A., Villaverde, Ann Lorraine T.
Format: text
Language:English
Published: Animo Repository 2008
Subjects:
Online Access:https://animorepository.dlsu.edu.ph/etd_bachelors/18472
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Institution: De La Salle University
Language: English
id oai:animorepository.dlsu.edu.ph:etd_bachelors-18985
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spelling oai:animorepository.dlsu.edu.ph:etd_bachelors-189852022-02-08T02:22:08Z The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009 Ang, Cassandra Mae Y. Posio, Jeric Paul P. Santos, Maria Ysabel A. Villaverde, Ann Lorraine T. Through the fast-paced evolution of technology and globalization, new innovative ideas are becoming available to the market. Of course, financial market imperfections are of existence. Agency costs and asymmetric information are some of the examples. Both of these can probably lead to overinvestment, hence, investment inefficiency. The proponents eliminated information asymmetry through firm size leaving the effect only of agency problem. The study found that the overinvestment reduction tools: dividends, leverage, and debt maturity are effective for alleviating the dependence of investments on cash flows. It also found that the overinvestment is alleviated in both the alignment and entrenchment effect level. 2008-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_bachelors/18472 Bachelor's Theses English Animo Repository Investments--Philippines Corporations--Finance Cash flow--Philippines Finance and Financial Management
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Investments--Philippines
Corporations--Finance
Cash flow--Philippines
Finance and Financial Management
spellingShingle Investments--Philippines
Corporations--Finance
Cash flow--Philippines
Finance and Financial Management
Ang, Cassandra Mae Y.
Posio, Jeric Paul P.
Santos, Maria Ysabel A.
Villaverde, Ann Lorraine T.
The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009
description Through the fast-paced evolution of technology and globalization, new innovative ideas are becoming available to the market. Of course, financial market imperfections are of existence. Agency costs and asymmetric information are some of the examples. Both of these can probably lead to overinvestment, hence, investment inefficiency. The proponents eliminated information asymmetry through firm size leaving the effect only of agency problem. The study found that the overinvestment reduction tools: dividends, leverage, and debt maturity are effective for alleviating the dependence of investments on cash flows. It also found that the overinvestment is alleviated in both the alignment and entrenchment effect level.
format text
author Ang, Cassandra Mae Y.
Posio, Jeric Paul P.
Santos, Maria Ysabel A.
Villaverde, Ann Lorraine T.
author_facet Ang, Cassandra Mae Y.
Posio, Jeric Paul P.
Santos, Maria Ysabel A.
Villaverde, Ann Lorraine T.
author_sort Ang, Cassandra Mae Y.
title The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009
title_short The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009
title_full The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009
title_fullStr The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009
title_full_unstemmed The relationship between fixed asset investments and cash flows of the firms listed in the Philippine Stock Exchange index (PSEi) excluding financial firms from years 2005-2009
title_sort relationship between fixed asset investments and cash flows of the firms listed in the philippine stock exchange index (psei) excluding financial firms from years 2005-2009
publisher Animo Repository
publishDate 2008
url https://animorepository.dlsu.edu.ph/etd_bachelors/18472
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