Elsevier < Decision Sciences Publications < Handbooks in Operations Research and Management Science < Volume 9: Finance < Chapter 25

FINANCE
Edited by R.A. Jarrow, V. Maksimovic and W.T. Ziemba

CHAPTER 25
Dividend Policy
E. Allen and R. Michaely

1. Introduction*

2. The Miller-Modigliani dividend irrelevance proposition

3. Taxes

4. Asymmetric information - signaling and adverse selection models  

5. Incomplete contracts - agency models

6. Transaction costs and other explanations

7. Concluding remarks

Acknowledgements

References

* The first two pages of the chapters are available as PDF file.

 Complete chapters on ScienceDirect

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