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Costly Contracting and Optimal Payout Constraints

1982; Wiley; Volume: 37; Issue: 2 Linguagem: Inglês

10.1111/j.1540-6261.1982.tb03567.x

1540-6261

Kose John, Avner Kalay,

Financial Reporting and Valuation Research

The Journal of FinanceVolume 37, Issue 2 p. 457-470 Dividend Policy and Valuation: Theory and Test Costly Contracting and Optimal Payout Constraints KOSE JOHN, KOSE JOHNSearch for more papers by this authorAVNER KALAY, AVNER KALAYNew York University. We wish to thank Sudipto Bhattacharya, Ernest Bloch, Han Kim, Jan Mossin, Sang Park, Ron Singer and Marti Subrahmanyam, for helpful discussions. We are also grateful to the participants of the Finance Seminar at New York University. This work was supported by a faculty research grant from the Graduate School of Business Administration, New York University.Search for more papers by this author KOSE JOHN, KOSE JOHNSearch for more papers by this authorAVNER KALAY, AVNER KALAYNew York University. We wish to thank Sudipto Bhattacharya, Ernest Bloch, Han Kim, Jan Mossin, Sang Park, Ron Singer and Marti Subrahmanyam, for helpful discussions. We are also grateful to the participants of the Finance Seminar at New York University. This work was supported by a faculty research grant from the Graduate School of Business Administration, New York University.Search for more papers by this author First published: May 1982 https://doi.org/10.1111/j.1540-6261.1982.tb03567.xCitations: 50 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume37, Issue2May 1982Pages 457-470 RelatedInformation