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

Authors

  • Fernanda Kreuzberg Doutoranda pelo Programa de Pós Graduação em Controladoria e Contabilidade pela Universidade de São Paulo Endereço: Av. Prof. Luciano Gualberto, 908 - FEA 3. São Paulo - SP Telefone: (11) 3091-5862
  • Paulo Roberto da Cunha Fundação Universidade Regional de Blumenau - FURB
  • Fabiane Popik Mestre em Ciências Contábeis pela Universidade Regional de Blumenau Endereço: Rua Antônio da Veiga, 140 – Sala D 202 - Bairro Victor Konder CEP: 89012-900 - Blumenau/SC – Brasil Telefone: (47) 3321 0565

DOI:

https://doi.org/10.21680/2176-9036.2016v8n1ID5721

Abstract

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.

Keywords: Agency theory. Dividends. Debt. Performance. Familiar and no familiar firms.

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Author Biography

Paulo Roberto da Cunha, Fundação Universidade Regional de Blumenau - FURB

Doutor em Ciências Contábeis e Administraçáo na FURB - Universidade Regional de Blumenau. Mestre em Ciências Contábeis pela FURB (2005). Bacharel em Ciências Contábeis pela FURB (2000). Atualmente é professor da FURB - Universidade Regional de Blumenau no Programa de Pós-Graduaçáo em Ciências Contábeis atuando na disciplina de Metodologia da Pesquisa em Contabilidade. Atua também na Universidade do Estado de Santa Catarina (UDESC) atuando principalmente na área temática de usuários externos, auditoria e controles internos.

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Published

03-01-2016

How to Cite

KREUZBERG, F.; CUNHA, P. R. da; POPIK, F. THE RELATIONS OF DIVIDENDS, DEBT AND BOARD OF DIRECTORS WITH PERFORMANCE: A COMPARISON BETWEEN FAMILY AND NON FAMILY FIRMS. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte, [S. l.], v. 8, n. 1, p. 34–59, 2016. DOI: 10.21680/2176-9036.2016v8n1ID5721. Disponível em: https://periodicos.ufrn.br/ambiente/article/view/5721. Acesso em: 22 nov. 2024.

Issue

Vol. 8 No. 1 (2016): Jan./Jun.

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ARTICLES

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