Quarterly Journal of Economics Vol. 78 No. 1 1964
Optimal Dividends and Corporate Growth Under Uncertainty
Abstract
Introduction, 49. — I. Some important definitions and building-blocks, 53. — II. The cost of capital and optimal dividends and growth under certainty, 58. — III. Simple stochastic unlevered growth, 65. — IV. Optimal (expectationally) steady growth, capital budgets, dividends and retentions, when σ2pt increases with futurity, 76. — V. Summary of conclusions, 91.
- DOI
- 10.2307/1880545
- Volume
- 78
- Issue
- 1
- Pages
- 49
- Sources
- openalex crossref