The lifecycle of the firm, corporate governance and investment performance

According to firm lifecycle theory the agency costs of free cash flows are not transitory problems, but are a recurrent issue once firms reach a certain stage in their lifecycle. In particular, as firms mature their cash flows increase substantially while their investment opportunities decline and,...

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Autores:

Saravia, Jimmy A.

Tipo de recurso:

Fecha de publicación:

2013

Institución:

Universidad EAFIT

Repositorio:

Repositorio EAFIT

Idioma:

eng

OAI Identifier:

oai:repository.eafit.edu.co:10784/1258

Acceso en línea:

http://hdl.handle.net/10784/1258

Palabra clave:

Firm Life Cycle
Free Cash flows
Corporate Governance
Overinvestment

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