Mougoue, Mbodja; Mukherjee, Tarun K - In: Journal of Financial Research 17 (1994) 4, pp. 517-30
In this paper we posit that information asymmetries and the resultant signaling implications make a firm's investment decision dependent on its dividend and financing decisions. By applying the vector autoregressive modeling technique to 100 firms randomly selected from ten four-digit SIC...