Examlex
MM's dividend irrelevance theory says that while dividend policy does not affect a firm's value, it can affect the cost of capital.
Benchmark
A standard or point of reference against which things may be compared or assessed.
Agency Problem
A conflict of interest between a company's management and its shareholders, where the management may act in their own best interests rather than those of the shareholders.
Shareholders
Individuals or entities that own shares of stock in a corporation, giving them ownership interests and possibly rights to dividends and voting.
Management
Management involves the organization and coordination of activities to achieve defined objectives, typically within a business setting.
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