|
Chapter
| Management Buy-Outs
| 1994
The Agency Costs of Free Cash Flow: Corporate Finance and Takeovers
by
Michael Jensen
|
Keywords: Cost;
Cash Flow;
Acquisition;
Corporate Finance;
Citation:
Jensen, Michael. "The Agency Costs of Free Cash Flow: Corporate Finance and Takeovers." In Management Buy-Outs, edited by Mike Wright, and Keith Bradley, series editor, pp. 3–9. International Library of Management. England and Vermont: Dartmouth Publishing, 1994. (Also in AER, Vol. 76, No. 2 (May, 1986); abridged in Simon Management Rev, (Win, 1986); & forthcoming in Jensen, Management Revolution: The Legacy of the Market for Corporate Control, Harvard University Press.)