[...] prefer that the company pay more out in dividends than [...] would like.
Answer
Shareholders
creditors
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Open it Shareholders also prefer that the company pay more out in dividends than creditors would like.
Original toplevel document
Subject 3. Principal-Agent and Other Relationships in Corporate Governance ontrolling shareholders. Controlling shareholders may receive special attention from management. They are often in the position to facilitate third-party takeovers by splitting the large gains on their own shares with the bidder.
<span>Manager and Board Relationships
This is another example of agency theory (discussed above).
Shareholder versus Creditor Interests
These two parties have different relationships to the company, accompanied by different rights and financial returns. For example, shareholders have an incentive to take on riskier projects than creditors do, as creditors are more interested in strategies that will increase the chances of getting their investment back. Shareholders also prefer that the company pay more out in dividends than creditors would like.
Other Stakeholder Conflicts
There are conflicts among other stakeholders, such as those between:
customers and shareholders;
customers and suppliers;
shareholders and government or regulators.
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