ANALYSIS OF THE RELATIONSHIP BETWEEN DISCLOSURE QUALITY AND DIVIDEND PAYOUTS FROM THE AGENCY THEORY PERSPECTIVE
This study examines the effect of disclosure quality on dividend policy when the level of agency problem is taken into account and empirically tests the outcome and substitution hypotheses.We find evidence consistent with the outcome hypothesis; that is, disclosure quality is positively relat...
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| Principais autores: | , , |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2016-03-01
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| coleção: | Financial Studies |
| Assuntos: | |
| Acesso em linha: | http://fs.icfm.ro/vol20i1p6-20.pdf |
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