The Agency Costs of Free Cash Flow: Acquisition Activity and Equity Issues

• 1 January 1991
• journal article
• Published by University of Chicago Press in The Journal of Business
• Vol. 64  (2) , 213
• https://doi.org/10.1086/296534

Abstract

Keywords

• AGENCY COSTS
• FREE CASH
• ACQUISITION ACTIVITY
• EQUITY ISSUES
• CASH FLOW