Optimal Money Burning: Theory and Application to Corporate Dividend Policy
收藏NBER1996-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5682
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资源简介：
We explore signaling behavior in settings with a discriminating signal and several costly nondiscriminating ( money burning ) activities. In settings where informed parties have many options for burning money, existing theory provides no basis for selecting one nondiscriminating activity over
提供机构：
美国国家经济研究局
创建时间：
1996-07-01
