Poulain-Rehm, Thierry - In: Revue Finance Contrôle Stratégie 8 (2005) 4, pp. 205-238
. Jensen (1986) argues debt, like dividends, mitigate the non-value-maximizing activities by reducing the level of free cash … in the form of debt service, or in the form of dividends, has no positive influence on shareholder value. These …