Quoc Trung Tran - In: European research on management and business economics 25 (2019) 3, pp. 114-121
and dividend policy. However, they fail to test reputation-building mechanism and debt covenant mechanism separately. This … since the two mechanisms provide opposite effects of credit information and legal rules on dividend policy. With a sample of … covenant hypothesis and creditor information has a complementary effect on legal rules in determining corporate dividend policy. …