Lee, Cheng-Few; Gupta, Manak C.; Chen, Hong-Yi; Lee, … - In: Journal of Corporate Finance 17 (2011) 3, pp. 483-501
Following the dividend flexibility hypothesis used by DeAngelo and DeAngelo (2006), Blau and Fuller (2008), and others, we theoretically extend the proposition of DeAngelo and DeAngelo (2006) optimal payout policy in terms of the flexibility dividend hypothesis. In addition, we also introduce...