Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10127713 | Economics Letters | 2018 | 11 Pages |
Abstract
In this paper we illustrate a world with perfect capital markets and with no taxes, and show the condition under which the stockholders in a levered firm will be (un-) affected by the dividend policy. We illustrate it for a firm's value which follows the binomial distribution.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Dan Galai, Zvi Wiener,