Essays on dividend policy
This model explains dividend policy as a component of a screening contract set up by an uninformed principal. Our model assumes that the manager wants to maximize his net wealth and the principal recognizes this and sets up a screening contract to utilize the skill of the agent in the productive...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
2009
|
| Online Access: | http://hdl.handle.net/2429/11345 |