Agency costs of free cash flow : the South African experience

Includes bibliography. === The use of free cash flow has been a source of conflict between shareholders and managers. This conflict derives from the agency relationship between shareholders and managers in that decisions taken by managers (as agents) affect the shareholders (as principals). The deci...

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Bibliographic Details
Main Author: Ankude, Edem Komla
Other Authors: Uliana, Enrico
Format: Dissertation
Language:English
Published: University of Cape Town 2014
Subjects:
Online Access:http://hdl.handle.net/11427/9518