Dividend policy : its impact on firm value
著者
書誌事項
Dividend policy : its impact on firm value
（Financial Management Association survey and synthesis series）
Harvard Business School Press, c2000
大学図書館所蔵 件 / 全26件
-
該当する所蔵館はありません
- すべての絞り込み条件を解除する
注記
Bibliography: p. 197-206
Includes index
内容説明・目次
内容説明
The purpose of this book is to review the theory and empirical evidence regarding the impact of dividend policy on shareholder wealth. It cuts to the quick of such long-standing questions as Why do corporations pay dividends? and Why should investors care? With relevant anecdotes, surveys, examples, and research from the financial press, company documents, and academic literature, the book focuses less on mathematics and more on the intuition of
share valuation as a function of dividend policy. While the authors acknowledge the irrelevance of dividend policy in a world with perfect capital markets, they stress how market imperfections such as taxes, imperfect information, and agency issues can alter the dividend irrelevance conclusion. It concludes with the
authors'recommendations on how managers should incorporate market imperfections most relevant to their firm in setting dividend policy. Not mathematically rigorous.
目次
- 1. Introduction
- 2. Stock Valuation
- 3. Dividend Policy and Owners' Wealth
- 4. An Introduction to Imperfect Capital Markets
- 5. Dividends and Taxes
- 6. Dividend Policy and Agency Problems
- 7. Dividend Policy and Asymmetric Information
- 8. Corporate Dividend Policy Decisions
- 9. Dividend Policy: The Global Perspective
- 10. Common Stock Repurchases: An Alternative to Dividends
- 11. Management Implications and Conclusions
「Nielsen BookData」 より