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Keywords: Free cash flows
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Journal Articles
Journal:
Review of Accounting and Finance
Review of Accounting and Finance (2012) 11 (4): 448–467.
Published: 26 October 2012
... management Cash holdings Free cash flows Agency theory Efficient allocation of firms' resources is vital for firms' growth, shareholders' wealth maximization and sustainability. Myers and Rajan (1998) argue that, liquid assets can be turned into private benefits at lower cost than other assets...
