| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062148 | Economics Letters | 2007 | 5 Pages |
Abstract
The theoretical work on the dividend policy of a firm suggests five imperfections that management should consider. Different from these five frameworks, our theoretical work develops a model regarding an optimal investment-dividend policy to maximize a firm's value with divergent types of shareholders. The results show that an optimal dividend policy does exist under a heterogeneous beliefs framework.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Chi-Jen Chen, Victor W. Liu,