Dividend Policy Determinants: An Investigation of the Influences of Stakeholder Theory

This paper investigates the relationship between the dividend-policy decisions and investment decisions of a firm. Recent literature proposes a theory that links the two decisions. This link is stakeholder theory, which views the firm as a nexus of contracts and includes both investors and non-inves...

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Veröffentlicht in:	Financial management 1998-10, Vol.27 (3), p.73-82
Hauptverfasser:	Holder, Mark E., Langrehr, Frederick W., Hexter, J. Lawrence
Format:	Artikel
Sprache:	eng
Schlagworte:	Business structures Capital structure Cash flow forecasting Costs Decision making Dividend policy Dividends Empirical research Equity Financial investments Financial theory Free cash flow Hypotheses Industrial sectors Influence Investigations Investment decision Investment policy Investments Methodology Payout ratios Ratios Regression analysis Sales growth Shareholders Stakeholders Standard deviation Stockholders Studies Take-overs Theory Transaction costs Willingness to pay
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