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Excess Cash Flow: A Signal for Institutional and Corporate Governace
Rahul Dhumale
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Description for Excess Cash Flow: A Signal for Institutional and Corporate Governace
Hardcover. Num Pages: 234 pages, 11 black & white illustrations, biography. BIC Classification: KCM; KFFH; KJMV1. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 136 x 224 x 17. Weight in Grams: 406.
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 determines retention of cash as opposed to paying dividends remains unresolved. The results of this survey suggest a framework by which future research in data collection, theoretical analysis and empirical testing may be undertaken. ... Read more
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 determines retention of cash as opposed to paying dividends remains unresolved. The results of this survey suggest a framework by which future research in data collection, theoretical analysis and empirical testing may be undertaken. ... Read more
Product Details
Format
Hardback
Publication date
2003
Publisher
Palgrave Macmillan
Number of pages
224
Condition
New
Number of Pages
218
Place of Publication
Gordonsville, United States
ISBN
9781403900395
SKU
V9781403900395
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Rahul Dhumale
RAHUL DHUMALE is presently with the Policy and Analysis Group at the Federal Reserve Bank of New York. He has previously worked as a consultant with the World Bank, International Labour Organisation, the UNDP, and the International Monetary Fund. He holds an A.B. from Duke University, MSc. from Oxford University, and a Ph.D. from Cambridge University. Most recently, he was ... Read more
Reviews for Excess Cash Flow: A Signal for Institutional and Corporate Governace
'This book focuses on important issues in relation to emerging markets: corporate governance, corporate finance, financial liberalisation and financial regulation. The significance of these issues has been highlighted by the recent Asian crisis. Dr Dhumale's book is therefore extremely timely. He provides a penetrating analysis of these issues with particular reference to the Indian economy. Economists in financial institutions, in ... Read more