Minguéz Vera, Antonio (contributor) - 2006 - 1. ed.
the director’s ownership. 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 …