• Corpus ID: 152548958

Dividend Policy: Its Impact on Firm Value

  title={Dividend Policy: Its Impact on Firm Value},
  author={Ronald C. Lease and Kose John and Avner Kalay and Uri Loewenstein and Oded Sarig},
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… 
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