The Australian financial system has changed dramatically in recent years, creating both threats and opportunities for value adding activities. Many large corporations have set up a separate treasury division or department to handle their financing requirements. This thesis derives the rationale for a separate treasury function from theory of the firm. A framework has been developed by drawing upon both the old theory of the firm (transaction cost economics) and the new theory of the firm (agency theory) to determine the appropriate governance structure to manage financial arrangements. (For complete abstract open document)
| Identifer | oai:union.ndltd.org:ADTP/245459 |
| Creators | Sweeney, Mary Elizabeth Blundy |
| Source Sets | Australiasian Digital Theses Program |
| Language | English |
| Detected Language | English |
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