Lozano, Belén; Miguel, Alberto de; Pindado, Julio - In: Investigaciones Economicas 26 (2002) 3, pp. 447-474
In this paper we develop a model to explain the dividend policy of firms under regulation in order to analyse the role of dividends in regulated firms. Before estimating the model using the Generalised Method of Moments, we solved the censoring problem of the dependent variable. The empirical...