Without taxes or any other imperfections, why doesnt it matter how the firm distributes cash?

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Without taxes or any other imperfections, why doesn’t it matter how the firm distributes cash?

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Fundamentals of Corporate Finance

ISBN: 978-0321818171

2nd Canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Jan 05, 2019 12:50 PM

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Without taxes or any other imperfections, why doesnt it matter how the firm distributes cash?

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In perfect markets it does no...View the full answer

Fundamentals of Corporate Finance

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