• DocumentCode
    1855492
  • Title

    Corporate Governance, free cash flow and over-investment

  • Author

    Yu, Liping ; Li, Lijun

  • Author_Institution
    Sch. of Bus. Adm., Northeastern Univ., Shenyang, China
  • Volume
    3
  • fYear
    2011
  • fDate
    13-15 May 2011
  • Firstpage
    713
  • Lastpage
    717
  • Abstract
    Through further analysis of free cash flow and over-investment and from the point of Corporate Governance, this paper establishes the model of shareholder, director board and supervisory board to the over-investment of manager. The relationship among Corporate Governance, free cash flow and over-investment is examined. The results of this study has findings that shareholder, director board and supervisory board not effective restrict the over-investment of manager.
  • Keywords
    financial management; investment; organisational aspects; personnel; corporate governance; director board; free cash flow; manager; over-investment; shareholder; supervisory board; Analytical models; Board of Directors; Companies; Current measurement; Fluid flow measurement; Investments; Regression analysis; Corporate Governance; free cash flow; growth opportunity; over-investment;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Business Management and Electronic Information (BMEI), 2011 International Conference on
  • Conference_Location
    Guangzhou
  • Print_ISBN
    978-1-61284-108-3
  • Type

    conf

  • DOI
    10.1109/ICBMEI.2011.5920359
  • Filename
    5920359
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=1855492