Examlex
Research generally supports Chandler's proposition that structure follows strategy as well as the reverse proposition that structure influences strategy.
Dividend Irrelevance Theory
The theory that suggests that dividend policy has no effect on either the price of a firm's stock or its cost of capital.
Residual Dividend Policy
A strategy where dividends are paid to shareholders from the residual or leftover equity only after all project capital needs are met.
Loan Indentures
Formal agreements specifying the terms of a bond or loan, including the interest rate, repayment schedule, and other conditions.
Covenants
Clauses in a contract or loan agreement that stipulate certain actions that must be taken or avoided by the borrower.
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