The study by Rafeal La Porta,Florencio Lopez-de-Silanes,Andrei Shleifer,and Robert W.Vishney identify all the following factors as explanations for dividend policy difference around the world.
A) measures that help protect the minority right of shareholders.
B) growth opportunities.
C) risk associated with expected future dividends.
D) number of shares outstanding.
E) all of the above influence dividend policy differences around the world.
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