Question: Discuss (1) The information content, or signaling, hypothesis, (2) The clientele effect, and (3) Their effects on distribution policy.
(1) The information content, or signaling, hypothesis,
(2) The clientele effect, and
(3) Their effects on distribution policy.
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1 Different groups or clienteles of stockholders prefer different dividend payout policies For example many retirees pension funds and university endo... View full answer
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