|A payout policy involves rules and guidelines of paying proportion of earnings to investors and shareholders as dividend. Agency conflict arises as a result of information asymmetry between stakeholders and management while corporate governance entails legal mechanisms by which the business of the organization are directed and controlled. A payout policy could lead to agency conflict because the financial interest and commitments of agents may sometimes conflict with that of the principal. Normally, the managers of the firm may want earnings to be retained in order to meet firms needs for growth and takes advantage of emerging investment opportunities while most shareholders or owners will want to receive dividends.
Review of public administration and management is one of the Open access best cited journals in the study of payout policy. Manuscripts published in this journal include discussion and conclusion in the path of payout policy development. The Editorial team of this journal includes globalized experts in the field of payout policy development involved in regular review of submitted manuscripts facilitating high quality of articles since many years. The articles published in this journal are current thoughts, ideas, policy changes which intended to current reviews. All published articles are permanently archived and available at OMICS Group website in HTML, Digital, Audio and PDF formats.
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