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Agency Problems and Dividend Policies Around the World

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NBER1998-06-01 更新2025-01-04 收录
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This paper addresses the question of why firms pay dividends, the so-called outline two agency models of dividends. On what we call outcome minority shareholders to force corporate outsiders to disgorge cash. Under this model, stronger minority shareholder rights should be associated with higher

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1998-06-01
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