Title :
Corporate Governance, free cash flow and over-investment
Author :
Yu, Liping ; Li, Lijun
Author_Institution :
Sch. of Bus. Adm., Northeastern Univ., Shenyang, China
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;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5920359
