Showing 1 - 7 of 7
This paper extends the literature on the determinants of environment, social and governance (ESG) dimensions of sustainability investment by examining whether low growth firms with the agency problems of high free cash flows (FCF) (Jensen, 1986) have more incentives to invest in ESG...
Persistent link: https://www.econbiz.de/10012951899
Persistent link: https://www.econbiz.de/10009301188
Persistent link: https://www.econbiz.de/10011414452
Persistent link: https://www.econbiz.de/10014532548
Persistent link: https://www.econbiz.de/10012237771
Persistent link: https://www.econbiz.de/10014491154
The relationship between exorbitant chief executive officer (CEO) compensation and weak performance has been widely criticised as an abuse of managerial power and the intrusion of agency problems. This study examines whether the agency problem of free cash flow (FCF), identified by Jensen...
Persistent link: https://www.econbiz.de/10013044674