Kraus, Pavel - In: Acta Oeconomica Pragensia 2006 (2006) 3, pp. 63-72
Real estate investment trusts (REIT) in USA have been imposed a 95% required minimum dividend payout ratio. Empirical observations have proved that this limit is not sufficient to explain REIT's dividend policies. Most of them pay out more than required by tax law. Imperfect information and...