How Dividends are Paid How Do Companies Decide on Dividend Payments Why Dividend Policy Should Not Matter Why Dividends May Increase Firm Value Why Dividends May Reduce Firm Value
When there are no taxes and capital markets function well. it makes no difference whether the firm borrows or individual shareholders borrow. Therefore. the market value of a company does not depend on its capital structure
Topics Covered Net Present value ther Investment Criteria Project Interactions Capital Rationing IrwinMcGraw-Hill The McGraw-Hill Companies, Inc., 2001