Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/84430
Authors: 
Apreda, Rodolfo
Year of Publication: 
2002
Series/Report no.: 
Serie Documentos de Trabajo, Universidad del CEMA: Área: finanzas 212
Abstract: 
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.
Subjects: 
corporate governance
cash flow model
governance slack
cash flows budget
JEL: 
G30
G32
G38
Document Type: 
Working Paper

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