Which of the following factors do not have an impact upon a firm's dividend policy?

Question

Quizplus · Accepted Answer

All the options listed (transactions costs, taxes, the legal system in the firm's home country, and the stability of a firm's earnings) have an impact on a firm's dividend policy. Transactions costs can affect the net amount received by shareholders, taxes can influence the net benefit of receiving dividends, the legal system may impose restrictions or requirements on dividend payments, and the stability of earnings affects the firm's ability to maintain consistent dividend payments.

Which of the Following Factors Do Not Have an Impact