How does Jensen's free cash flow hypothesis relate to a firm's dividend policy?
a. Dividends discipline management by forcing free cash flow to be disgorged to shareholders, thus mitigating management's tendency to engage in empire building.
b. Dividends act as a signal of firm value.
c. Dividends solve the principal-agent problem between shareholders and creditors.
d. Dividends solve the underinvestment problem.
A
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The land description method that makes reference to sections, townships, and ranges is the:
A. government survey method B. recorded map method C. metes and bounds method D. Torrens system
An example of internal secondary data is _____
a. ProQuest b. government census data c. a promotional budget obtained from your firm's advertising department d. an annual marketing report of a competitor obtained from a Web-based source