Based on the homemade dividend argument, dividend policy is irrelevant.
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Q48: Uncertainty about the future financial stability of
Q49: Maintaining a target retention ratio is a
Q50: A valid reason for managers not to
Q51: Avoiding cutting back on positive NPV projects
Q52: A valid reason for managers not to
Q54: Avoiding the need to sell new equity
Q55: In a world with no taxes or
Q56: Given a compromise dividend policy, firms prefer
Q57: Avoiding dividend cuts is consistent with both
Q58: Because of flotation costs, a low-dividend policy
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