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2024-04-26 14:41基礎(chǔ)課哪里講到了C選項(xiàng) 沒有印象
所屬:CFA Level II > Corporate Issuers 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個(gè)回答
Huang助教
2024-05-02 13:54
該回答已被題主采納
同學(xué)你好,
這個(gè)知識(shí)點(diǎn)在Agency Costs and Dividend as a Mechanism to Control Them里面有提到過。
The potential overinvestment agency problem might be alleviated by the payment of dividends. In particular, by paying out all free cash flow to equity in dividends, managers would be constrained in their ability to overinvest by taking on negative NPV projects. This concern or hypothesis that management may create an overinvestment agency cost is known as Jensen's free cash flow hypothesis.
這種關(guān)于管理層可能產(chǎn)生過度投資代理成本的擔(dān)憂或假設(shè)是Jensen's free cash flow hypothesis.
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