A Lintner Model of Payout and Managerial Rents

Material TypeArticleLanguageEnglish
TitleA Lintner Model of Payout and Managerial Rents Author(S)BART M. LAMBRECHT (Author)
Abstract  We develop a dynamic agency model in which payout, investment, and financing decisions are made by managers who attempt to maximize the rents they take from the firm, subject to a capital market constraint. ...Paginationp 1761–1810
SubjectEconomicsDescriptorsEconomics
Journal TitleThe Journal of Finance  
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