Showing 1 - 10 of 19,179
Persistent link: https://www.econbiz.de/10003840712
Persistent link: https://www.econbiz.de/10013407246
in favor of agency considerations. Studies centered on the May 2003 dividend tax cut confirm that differences in the …
Persistent link: https://www.econbiz.de/10010371307
Persistent link: https://www.econbiz.de/10011509614
Persistent link: https://www.econbiz.de/10010505779
Persistent link: https://www.econbiz.de/10012803602
most persuasive with regard to agency considerations. Studies centered on the May 2003 dividend tax cut confirm that …
Persistent link: https://www.econbiz.de/10013043532
Persistent link: https://www.econbiz.de/10012417485
This paper surveys the literature on payout policy. We start out by discussing several stylized facts that are important to the development of any comprehensive payout policy framework. We then describe the Miller and Modigliani (1961) payout irrelevance proposition, and consider the effect of...
Persistent link: https://www.econbiz.de/10014023869
lowers information rents. Mature firms pay smoothed dividends and have a fixed termination threshold. Dividend smoothing …
Persistent link: https://www.econbiz.de/10011864825