Excess Cash Flow: A Signal for Institutional and Corporate Governance

by Rahul Dhumale

Economic studies which examine the financing patterns of firms, particularly in emerging markets seldom consider the market environment in which they operate. The most recent Asian financial crisis and its exposure of institutional failures in the context of financial sector liberalization show that these market conditions are vital. The positive relationship between a firms excess cash flow and investment are well known but the environment which...

• Format: Paperback
• Language: English
• ISBN: 1349507296
• ISBN13: 9781349507290
• Release Date: January 2003
• Publisher: Palgrave MacMillan
• Length: 218 Pages
• Weight: 0.67 lbs.
• Dimensions: 0.5" x 5.5" x 8.5"