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Title The Impact of Free Cash Flows and Agency Cost on Firm Performance

Author(s) Aqsa Hanif

Abstract Title: The impact of Free Cash Flow and Agency Cost on Firm Performance The firm performance plays an important role in an organization value. The recent study examined the impact of free cash flows and agency cost on firm performance. The objectives of the study to investigate the impact of free cash flow and agency cost on firm performance and investigate the relationship between free cash flow, agency cost and firm performance. The study was selected chemical sector firms listed at Pakistan stock exchange (PSX). The study was selected chemical sector as a population which comprises 29 companies listed at Pakistan stock exchange (PSX) but 19 companies selected as a sample because of unavailability of data. Secondary data was used and collected from the official website of state bank of Pakistan. Panel data was used for 2008 to 2017. Regression and pooled OLS model was used to determine the relationship between dependent and independent variables. Firm size and leverage were used as control variables in this study. In this study dependent variable was firm performance and the independent variables of the study were agency cost and free cash flow. The findings of this study indicated that free cash flow and agency cost have positive and significant impact on firm performance.

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Management Sciences

Language English

Publication Date 2019-01-17

Subject Finance

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