The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies

We examine explanations for corporate financing-, dividend-, and compensation-policy issues. We document robust empirical relations among corporate policy decisions and various firm characteristics. Our evidence suggests contracting theories are more important in explaining cross-sectional variation in observed financial, dividend, and compensation policies than either tax-based or signaling theories

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Year of publication:	[2006]
Authors:	Smith, Clifford W.
Other Persons:	Watts, Ross L. (contributor)
Publisher:	[2006]: [S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Notes:	In: Journal of Financial Economics, Vol. 32, 1992 Volltext nicht verfügbar
Classification:	G31 - Capital Budgeting; Investment Policy ; G32 - Financing Policy; Capital and Ownership Structure ; G35 - Payout Policy ; J33 - Compensation Packages; Payment Methods
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012779430