Dividend Policy – Theory & Practice

Description

The third purpose of this book is to explore new ways of thinking about the dividend puzzle and other special subjects we could not put in the frame of the two previous sections, even though these subjects are as important, and perhaps more enlightening, than any other we have covered up to this point.

This book is the condensed result of many years of thinking and empirical work by its authors on what we enthusiastically consider one of the most intriguing topics of financial economics. Because of that, it would be both ungrateful and somehow dishonest if we claimed exclusive originality to our writings. The book would never have been written without the help of many of our colleagues and, perhaps more important, our students who were unselfish enough to discuss with us the issues we raise and assist with the original, first published research we also present in this book.