Arbeitspapier

The Governance Slack Model: A cash flow approach for the budgeting and accountability of some corporate governance issues

This paper introduces a cash flow model to budget and monitor distinctive matters usually arising in corporate governance. By enlarging the standard cash flow model widely used in Finance, and avoiding some of its downsides, it sets up a composite of cash flows called governance slack, which amounts to a comprehensive budget for the most usual governance issues. This slack has a dual structure whose dynamics keeps track of uses and sources of its components, preventing likely agency problems and improving not only disclosure but accountability as well.

Sprache
Englisch

Erschienen in
Series: Serie Documentos de Trabajo ; No. 212

Klassifikation
Wirtschaft
Corporate Finance and Governance: General
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Corporate Finance and Governance: Government Policy and Regulation
Thema
corporate governance
cash flow model
governance slack
cash flows budget

Ereignis
Geistige Schöpfung
(wer)
Apreda, Rodolfo
Ereignis
Veröffentlichung
(wer)
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
(wo)
Buenos Aires
(wann)
2002

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Apreda, Rodolfo
  • Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)

Entstanden

  • 2002

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