Analyzing the Effect of Dividends on Default Probability According to Signaling and Agency Theories
ObjectiveThe probability of default is one factor that determines the cost of capital due to its role in credit risk. Dividend as a sign of cash flow or as a sign of ownership of wealth is one of the factors affecting the probability of default. There are two theories of dividend signaling theory an...
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Main Authors: | , , |
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Format: | Article |
Language: | fas |
Published: |
University of Tehran
2024-03-01
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Series: | تحقیقات مالی |
Subjects: | |
Online Access: | https://jfr.ut.ac.ir/article_96665_b2792d53bcec73ff3de8e11295e30cdf.pdf |
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