Dividend policy

Philippe du Jardin () and Eric Séverin

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this article is to analyze the various aspects of dividend policy. Emphasizing tax issues, theoretical frameworks of informational asymmetry of corporate governance and life cycles, we show that a static vision of dividends has been gradually replaced by a dynamic vision. Nevertheless, in spite of the numerous studies dealing with this topic, Black’s (1976) dividend puzzle still remains unsolved.

Keywords: Dividend; policy (search for similar items in EconPapers)
JEL-codes: G35 (search for similar items in EconPapers)
Date: 2011-11
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https://mpra.ub.uni-muenchen.de/44382/1/MPRA_paper_44382.pdf original version (application/pdf)

Related works:
Working Paper: Dividend policy (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44382

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