Dividend Policy, Agency Costs, and Earned Equity
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下载链接：
https://www.nber.org/papers/w10599
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资源简介：
Why do firms pay dividends? If they didn't their asset and capital structures would eventually become untenable as the earnings of successful firms outstrip their investment opportunities. Had they not paid dividends, the 25 largest long-standing 2002 dividend payers would have cash holdings of $1.8
提供机构：
美国国家经济研究局
创建时间：
2004-07-01
