Product strategies and the free cash flow theory : the Singapore evidence.

• Main Authors: Chan, Peck Yin., Tan, Soek Cheng.
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/51786
• Institution: Nanyang Technological University

Jensen’s free cash flow theory proposes that firms with high free cash flow and poor investment opportunities are likely to engage in investments that are not advantageous to shareholders. For firms with poor investment opportunities versus firms with good investments, the theory proposes that the m...