Does Product Market Competition Reduce Agency Costs?
收藏NBER2000-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7480
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资源简介：
The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue that the temptation to retain cash and engage in less productive activities is more severe for firms in less competitive industries. Hence an unanticipated increase in cash-flow
提供机构：
美国国家经济研究局
创建时间：
2000-01-01
