Ahmed AL-Dhamari, Redhwan; Nor Izah Ku Ismail, Ku - In: International Journal of Accounting and Information … 22 (2014) 2, pp. 118-133
Purpose – Existing studies on corporate governance mainly focus on how a strong governance system enhances the valuation of firms with cash holding or free cash flow agency problem. The aims of this paper are threefold. First, it investigates the impact of surplus free cash flows (SFCF) on...