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
SSRN Share

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