Bergstresser D. Discussion of “Overinvestment of free cash flow”[J]. Review of Accounting Studies, 2006,11(2-3): 191-202.
[6]
Blanchard O J, LopezdeSilanes F, Shleifer A. What do firms do with cash windfalls?[J]. Journal of Financial Economics, 1994, 36(3): 337-360.
[7]
Doukas J. Overinvestment, Tobin’s q and gains from foreign acquisitions[J]. Journal of Banking and Finance, 1995, 19(7): 1285-1303.
[8]
Fan J P H, Wong T J, Zhang T. Politically connected CEOs, corporate governance, and postIPO performance of China’s newly partially privatized firms[J]. Journal of Financial Economics, 2007, 84(2): 330-357.
[9]
Fazzari S, Hubbard R G, Petersen B C. Financing constraints and corporate investment[J]. Brookings Papers on Economic Activity, 1988,19(1): 141-195.
[10]
Jensen M C. Agency costs of free cash flow, corporate finance, and takeovers[J]. American Economic Review, 1986, 76(2): 323-329.
[11]
Kaplan S N, Zingales L. Do investmentcash flow sensitivities provide useful measures of financing constraints?[J]. Quarterly Journal of Economics, 1997,112(1): 169-215.
[12]
Lang L H P, Stulz R, Walkling R A. A test of the free cash flow hypothesis: The case of bidder returns[J]. Journal of Financial Economics, 1991, 29(2): 315-335.
[13]
McConnell J J, Servaes H. Equity ownership and the two faces of debt[J]. Journal of Financial Economics, 1995, 39(1): 131-157.
[14]
Richardson S. Overinvestment of free cash flow[J]. Review of Accounting Studies, 2006,11(2-3): 159-189.