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Dividend Policy The Issues

Dividend Policy The Issues The determinants of dividend policy are a continuing puzzle, as noted by Black 1976. In this paper we review the major issues in dividend policy and relate them to some of the themes explored in companion papers in this volume. The paper is divided into five sections. Section 2 surveys the literature on the information signalling properties of dividends. Section 3 discusses some tax issues related to dividend policy and section 4 draws on some agency costs explanations for dividend payments. The conclusion draws together the arguments and highlights some of the unresolved issues. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

Dividend Policy The Issues

Managerial Finance , Volume 18 (1): 8 – Jan 1, 1992

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0307-4358
DOI
10.1108/eb018439
Publisher site
See Article on Publisher Site

Abstract

The determinants of dividend policy are a continuing puzzle, as noted by Black 1976. In this paper we review the major issues in dividend policy and relate them to some of the themes explored in companion papers in this volume. The paper is divided into five sections. Section 2 surveys the literature on the information signalling properties of dividends. Section 3 discusses some tax issues related to dividend policy and section 4 draws on some agency costs explanations for dividend payments. The conclusion draws together the arguments and highlights some of the unresolved issues.

Journal

Managerial FinanceEmerald Publishing

Published: Jan 1, 1992

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