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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 358 |
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DeAngelo, DeAngelo and Stulz (2006) note that: “Dividends tend to be paid by mature established firms, plausibly reflecting a financial lifecycle in which young firms face relatively abundant investment opportunities with limited resources so that retention dominates distribution, whereas mature firms are better candidates to pay dividends because they have higher profitability and fewer attractive investment opportunities...
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DeAngelo, DeAngelo and Stulz (2006) note that: “Dividends tend to be paid by mature established firms, plausibly reflecting a financial lifecycle in which young firms face relatively abundant investment opportunities with limited resources so that retention dominates distribution, whereas mature firms are better candidates to pay dividends because they have higher profitability and fewer attractive investment opportunities...
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