Influence of Agency Costs on Dividend Policy - Research Proposal
By S.Murdhen
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Table of Contents
1. INTRODUC TION .............................................................................................................. 3 2. B rief Objectives .................................................................................................................. 4 3.0 Brief Liter ature Rev iew ........................................................................................... 4 3.1 Cornerstones of dividend policy ................................................................................................. 4 3.2 Equity Agency Cost Theory........................................................................................................ 5 3.3 Remedies to Agency Conflicts and their Costs ........................................................................... 5 3.4 Jensen’s Free Cash Flow Hypothesis .......................................................................................... 6 3.4 Using the Tobin’s Q .................................................................................................................... 6 3.5 Further Studies ............................................................................................................................ 7 4.0 Research M ethodo logy ............................................................................................. 7 4.1 Data Collection Methods ............................................................................................................ 7 4.2 Sources of Data ........................................................................................................................... 8 4.3 Sample......................................................................................................................................... 8 4.4 Data analysis ............................................................................................................................... 8 4.5 Use of Models
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Table of Contents
1. INTRODUC TION .............................................................................................................. 3 2. B rief Objectives .................................................................................................................. 4 3.0 Brief Liter ature Rev iew ........................................................................................... 4 3.1 Cornerstones of dividend policy ................................................................................................. 4 3.2 Equity Agency Cost Theory........................................................................................................ 5 3.3 Remedies to Agency Conflicts and their Costs ........................................................................... 5 3.4 Jensen’s Free Cash Flow Hypothesis .......................................................................................... 6 3.4 Using the Tobin’s Q .................................................................................................................... 6 3.5 Further Studies ............................................................................................................................ 7 4.0 Research M ethodo logy ............................................................................................. 7 4.1 Data Collection Methods ............................................................................................................ 7 4.2 Sources of Data ........................................................................................................................... 8 4.3 Sample......................................................................................................................................... 8 4.4 Data analysis ............................................................................................................................... 8 4.5 Use of Models
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