Leverage in Pyramids: When Debt Leads To Higher Dividends

Leverage in Pyramids: When Debt Leads To Higher Dividends

Abe de Jong, Douglas V. DeJong, Ulrich Hege, Gerard Mertens

Series number :

Serial Number: 
261/2009

Date posted :

September 01 2009

Last revised :

September 28 2009
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Keywords

  • pyramids • 
  • payout policy • 
  • leverage • 
  • ownership structure • 
  • control wedge • 
  • disproportionality of control and cash flow rights

Authors

Real name: 
Gerard Mertens
Real name: 
Douglas V. DeJong