mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …

interest in free cash flow reporting? What is the impact of free cash flow on the agency theory?" In order to provide relevant … liquidity assessment, company valuation and investors' choice. Still, in the context of agency theory, results show that in … presence of high free cash flow, managers tend to make investment choices that satisfy their personal interest and that …

Family offices are organisations dedicated to the management of entrepreneurial families’ private wealth. Based on … agency theory, we analyse types of family offices with regard to the families’ goals and the control mechanisms used to … ensure goal achievement. Family-dominant management and private client structures involve stronger emphasis on non …

We consider a model in which the principal-agent relation between inside shareholders and the management affects the …