RELAÇÃO DOS DIVIDENDOS, DÍVIDA E CONSELHO DE ADMINISTRAÇÃO COM O DESEMPENHO: UM COMPARATIVO ENTRE EMPRESAS FAMILIARES E NÃO FAMILIARES THE RELATIONS OF DIVIDENDS, DEBT AND BOARD OF DIRECTORS WITH PERFORMANCE: A COMPARISON BETWEEN FAMILY AND NON FAMILY FIRMS RELACIÓN DE DIVIDENDOS Y DEUDA Y CONSEJO DE ADMINISTRACIÓN CON RENDIMIENTO: UNA COMPARACIÓN ENTRE EMPRESAS FAMILIARES Y NO FAMILIARES Autores

The objective of this work is to identify the relationship of dividend payments, debt level and the board of directors with the financial performance of companies familiar and no familiar. We conclude that family firms do not have higher levels of dividend payments to remain effective in controlling agency problems II. To mitigate agency problems I see companies no familiar presence of a high number of independent directors on the board, as an essential mechanism for agency problems.