The company and its environment -- Fixed income securities -- Stocks and options -- Projects and their valuation -- Corporate valuation and governance -- Cash distribution and capital structure -- Managing global operations -- Tactical financing decisions -- Strategic finance in a dynamic...

Outlines previous research on the relationship between dividend policy and stock returns; and uses a linear programme and multi‐index model to form an investment strategy to see whether dividend yields increase stock returns. Explains the methodology, tests it on 1965‐1989 US data and...