THE RELATIONS OF DIVIDENDS, DEBT AND BOARD OF DIRECTORS WITH PERFORMANCE: A COMPARISON BETWEEN FAMILY AND NON FAMILY FIRMS
The objective of this work is to identify the relationship of dividend payments, debt level and the board of directors with the financial performance of companies familiar and no familiar. We conclude that family firms do not have higher levels of dividend payments to remain effective in controlling...
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Principais autores: | , , |
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Formato: | Online |
Idioma: | por |
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Portal de Periódicos Eletrônicos da UFRN
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Endereço do item: | https://periodicos.ufrn.br/ambiente/article/view/5721 |
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Resumo: | The objective of this work is to identify the relationship of dividend payments, debt level and the board of directors with the financial performance of companies familiar and no familiar. We conclude that family firms do not have higher levels of dividend payments to remain effective in controlling agency problems II. To mitigate agency problems I see companies no familiar presence of a high number of independent directors on the board, as an essential mechanism for agency problems.Keywords: Agency theory. Dividends. Debt. Performance. Familiar and no familiar firms. |
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