Liquidity default, liquidity management and smooth dividends policy
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DOI: 10.1080/00036846.2017.1361006
Abstract: ABSTRACT Our article models liquidity financing constraints with the real options framework. By conducting a comprehensive investigation of the effects of shocks to liquidity constraints on the firm’s optimal investment, financing and dividend policies, our… read more here.
Keywords: liquidity; dividends policy; liquidity management; liquidity default ... See more keywords