1. Introduction ; 2. Stock Valuation ; 3. Dividend Policy and Owners' Wealth ; 4. An Introduction to Imperfect Capital Markets ; 5. Dividends and Taxes ; 6. Dividend Policy and Agency Problems ; 7. Dividend Policy and Asymmetric Information ; 8. Corporate Dividend Policy Decisions ; 9. Dividend Policy: The Global Perspective ; 10. Common Stock Repurchases: An Alternative to Dividends ; 11. Management Implications and Conclusions
Ronald C. Lease, Avner Kalay, and Uri Loewenstein are Professors of Finance at the University of Utah. Kose John is a Professor of Banking and Finance at New York University. Oded H. Sarig is a Professor at Tel Aviv University.
Dividend Policy breathes new life into the classic dividends buybacks debate. This must-read book will challenge finance professors to rethink the common wisdom regarding optimal payout levels and help corporate executives and investors solve this part of the shareholder value puzzle. * Patrick S. McGurn, Director of Corporate Programs, Institutional Shareholder Service, Thomson Financial *