Business & Economics Books:

Excess Cash Flow

A Signal for Institutional and Corporate Governance

Format

Hardback

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Excess Cash Flow by Rahul Dhumale
$319.99
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Description

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 firm's 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.

Author Biography

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 a member of the Faculty at Cambridge University where he taught and worked on issues related to financial regulation and corporate finance. He is presently also a Senior Fellow at the University of London.
Release date NZ
October 31st, 2002
Author
Country of Publication
United States
Edition
2003 ed.
Illustrations
11 Illustrations, black and white; XVI, 218 p. 11 illus.
Imprint
Palgrave Macmillan
Pages
218
Dimensions
140x216x19
ISBN-13
9781403900395
Product ID
1859521

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