The impact of free cash flow and dividend policy on stock abnormal returns.

Agency costs arise when both parties to a contract, under which there is delegation of authority for decision-making from the principal to the agent performing some service, are both utility-maximizers. Monitoring expenditures are incurred by the principal and bonding expenditures by the agent.

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Bibliographic Details
Main Authors: Chong, Chin Hui., Sim, Eng Khai., Teo, Chin Chye.
Other Authors: Chen, Jack Sheng-Syan
Format: Theses and Dissertations
Language:English
Published: 2009
Subjects:
Online Access:http://hdl.handle.net/10356/20021
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Institution: Nanyang Technological University
Language: English