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

• 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: DRNTU::Business::Accounting::Cash flow
• Online Access: http://hdl.handle.net/10356/20021
• Institution: Nanyang Technological University

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.