Institutional holdings, investment opportunities and dividend policy
The Quarterly Review of Economics and Finance(2017)
摘要
•Interaction of payout policy and investment opportunities.•Institutional investors condition preferences for dividends on need to fund growth.•Investing style is an important mediator in preferences for combinations of payout levels and growth opportunities.
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关键词
Dividend policy,Payout policy,Investment opportunities,Institutional investors,Institutional investor style
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