Bagchi, A. K.; Das, Pranab Kumar; Moitra, B. - Volkswirtschaftliche Fakultät, … - 2002
We formulate a simultaneous equations model and with the data of a panel of 600 Indian firms for the period 1991-92 to 1997-98 test the hypothesis of finance constraint. The firms are classified by the dividend pay-out ratio into high-cost and low-cost groups; a high dividend pay-out ratio...