Vera, Antonio Mínguez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006
. Firstly, the results show that the payment of dividends reduces the risk and the leverage, and increases the ownership …. Secondly, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive … repercussion on the ownership. Thirdly, we can see that the most indebted companies distribute an inferior quantity of dividends …