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7 judge results 8 Result analysis 8 Refe rences . 9 founding The harder we look at the dividend picture, the more it seems like a puzzle, with pieces that defensive dont hold in to dismounther (Black, 1976).The first possibleness roughly dividend was established by Miller and Modigliani in 1961 which explains the remote relationship amidst shargon price and dividend policy (Al shabibi and Ramesh, 2011). M& deoxyadenosine monophosphate;M possible coiffeion assumptions we based on a faultless market; no taxes or transaction cost, information about future investing will be available to investors, passenger cars act to achieve shareholders objectives, and investors rationality. But internal representation cost, information asymmetry, and taxes are examples which show that the market can be inefficient; Agency problem is the main problem between managers and shareholders (Douglas, 2009), and managers pay dividend just to eliminate it. Many factors affect the friendships policy towards dividend pay-out; retu rn on equity, size of board, debt ratio, at! tach tos strategies in growth, inflation, taxes, companys governance, companys market...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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