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pro vyhledávání: '"Yehuda (Yud) Izhakian"'
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
We study the effect of ambiguity — Knightian uncertainty — on payout policy. We find that firm-level ambiguity increases and accelerates payout, via both dividends and share repurchases. This positive effect of ambiguity is distinct from the know
Autor:
Yehuda (Yud) Izhakian
Publikováno v:
SSRN Electronic Journal.