The free cash flow hypothesis for sales
โ
Thomas H. Brush; Philip Bromiley; Margaretha Hendrickx
๐
Article
๐
2000
๐
John Wiley and Sons
๐
English
โ 119 KB
business is business! And business must grow -Dr. Seuss, The Lorax The paper investigates the agency argument that sales growth in firms with free cash flow (and without strong governance) is less profitable than sales growth for firms without free cash flow. It also tests whether strong governance