Schauten, M.B.J.; Dijk, D.J.C. van; Waal, J-P. van der - Erasmus Research Institute of Management (ERIM), ERIM … - 2008
We examine the relation between the quality of corporate governance and the value of excess cash for large European firms (FTSEurofirst 300 Index). We use Deminor ratings for Shareholder rights, Takeover defences, Disclosure and Board as proxies for the quality of corporate governance. We find...