THE RELATIONS OF DIVIDENDS, DEBT AND BOARD OF DIRECTORS WITH PERFORMANCE: A COMPARISON BETWEEN FAMILY AND NON FAMILY FIRMS

被引:0
|
作者
Kreuzberg, Fernanda [1 ]
da Cunha, Paulo Roberto [2 ]
Popik, Fabiane [1 ]
机构
[1] Rua Antonio da Veiga 140 Sala D 202, BR-89030903 Blumenau, SC, Brazil
[2] Univ Reg Blumenau, Programa Posgrad Ciencias Contabeis, Rua Antonio da Veiga 140 Sala D 202, BR-89030903 Blumenau, SC, Brazil
来源
REVISTA AMBIENTE CONTABIL | 2016年 / 8卷 / 01期
关键词
Agency theory; Dividends; Debt; Performance; Familiar and no familiar firms;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
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.
引用
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页码:34 / 59
页数:26
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