Dividend Policy under Conditions of Capital Market and Signalling Equilibria

• Main Authors: WU, Chunchi, Lee, C.F., Hang, D.
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 1985
• 主題: Business
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/810
• 機構: Singapore Management University

This study develops a capital market equilibrium model under condition of dividend signaling equilibrium in order to explain why firms pay dividends and what factors can effect the optimal dividend payments. Under the assumption that dividends function as a signal through which the uncertain future...