Chasiotis, Ioannis; Georgantopoulos, Andreas G. - In: International Journal of Managerial Finance 18 (2021) 1, pp. 181-201
Purpose: This study investigates the relative flexibility of payouts vis-à-vis investment in the UK, motivated by concerns regarding this market's distinct payout characteristics and limited relevant research. It addresses the information gap related to the use of conditional mean estimations...