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.
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