Agency theory shows that payout constraints can play an important role in debt contracting and mitigating debt-related incentive problems. In this paper, we compare how, empirically, corporations in the UK, the USA and Germany are restricted in their ability to pay dividends (and other forms of...

In this paper, the role of the Internet as an instrument for investor relations activities is described and discussed in the context of traditional instruments of investor relations. We show the potential application of the World Wide Web as a communication tool, especially with regard to...

<title>Abstract</title> Agency theory shows that payout constraints can play an important role in debt contracting and mitigating debt-related incentive problems. In this paper, we compare how, empirically, corporations in the UK, the US and Germany are restricted in their ability to pay dividends (and other...

In this paper, the role of the Internet as an instrument for investor relations activities is addressed. The empirical study compares the Internet investor relations activities of US, UK and German corporations. A sample comprising the respective country's relevant stock market 100 index (S&P,...