The Relationship between Stock Market Liquidity, Firm Characteristics and Dividend Payout: Evidence from Tehran Stock Exchange
Firms have two choices about earning: paying it out as a dividend, or its reinvestment as a retained earning. In a market without any restrictions on trading, rational investors with liquidity needs can choose between dividend and selling stocks at no cost. In this article, the relationship between...
| 發表在: | Iranian Journal of Finance |
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| Main Authors: | , |
| 格式: | Article |
| 語言: | 英语 |
| 出版: |
Iran Finance Association
1999-12-01
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| 主題: | |
| 在線閱讀: | https://www.ijfifsa.ir/article_58461_69a83c5804be4bc4bd1885f9bb0d3edd.pdf |