Business, Management and Accounting
a year ago

Reducing Agency Costs Boosts Firm Value: Nairobi Stock Exchange Study

Journal of Finance and Accounting
Effect of Agency Costs on the Relationship between Dividend Policy and Value of Firms Listed at the Nairobi Securities Excha
Maxwell Onyango

Paper Summary

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The study looked at how dividend policy affects the value of firms listed on the Nairobi Securities Exchange. They found that agency costs play a role in this relationship. By paying dividends from free cash flow, managers can reduce agency costs and increase firm value. This information is important for investors and policymakers in the stock market.