Is Investment-Cash Flow Sensitivity Caused by the Agency Costs or Asymmetric Information? Evidence from the UK

Is Investment-Cash Flow Sensitivity Caused by the Agency Costs or Asymmetric Information? Evidence from the UK

Grzegorz Pawlina, Luc Renneboog

Series number :

Serial Number: 
069/2005

Date posted :

February 01 2005

Last revised :

SSRN Share

Keywords

  • Investment-cash flow sensitivity • 
  • ownership and control • 
  • asymmetric information • 
  • liquidity constraints • 
  • agency costs of free cash flow • 
  • large shareholder monitoring • 
  • Shapley values

Authors

Real name: 
Grzegorz Pawlina