Lecture Business finance - Chapter 12: Dividend and share repurchase decisions
Lecture Business finance - Chapter 12: Dividend and share repurchase decisions
Chapter 12 - Dividend and share repurchase decisions. This chapter include objectives: Define ‘dividend policy’ and understand some institutional features of dividends and share repurchases, explain why dividend policy is irrelevant to shareholders’ wealth in a perfect capital market with no taxes, outline the imputation and capital gains tax systems and explain their effects on returns to investors,...