Investment Preferences of "Financially Free" Firms: Evidence from Free Cash Flow
The study finds that financially independent corporations in China tend to prefer financial investments due to high agency costs and reduced financial risk.
Featured in No. 83 on 23 Jan 2025 · 9 days after release · 0 citations today
- Released
- 14 Jan 2025
- First featured
- No. 83 · 23 Jan 2025
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- SSRN 5095939
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