An empirical investigation of the mitigating effect of debt on overinvestment as shareholder rights vary
Year of publication: |
2024
|
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Authors: | Chung, Chune Young ; Kim, Daejin ; Lee, Junyoup |
Published in: |
Bulletin of economic research. - Oxford : Wiley-Blackwell, ISSN 1467-8586, ZDB-ID 1473655-X. - Vol. 76.2024, 4, p. 1126-1149
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Subject: | agency problem | free cash flow | optimal cash level | overinvestment | past debt creation | Cash Flow | Cash flow | Prinzipal-Agent-Theorie | Agency theory | Theorie | Theory | Kapitalstruktur | Capital structure | Investitionsentscheidung | Investment decision | Betriebliche Finanzwirtschaft | Managerial finance | Investition | Investment | Corporate Governance | Corporate governance | Aktionäre | Shareholders |
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