Dividend policy relevance in a levered firm—The binomial case
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DOI: 10.1016/j.econlet.2018.08.021
Abstract: Abstract In this paper we illustrate a world with perfect capital markets and with no taxes, and show the condition under which the stockholders in a levered firm will be (un-) affected by the dividend… read more here.
Keywords: levered firm; relevance levered; dividend policy; policy relevance ... See more keywords