1. What does it mean to say that corporate managers “smooth” cash dividend payments? Why do managers do this? 2. What are the key assumptions and predictions of the signaling model of dividends? Are...

1. What does it mean to say that corporate managers “smooth” cash dividend payments? Why do managers do this?

2. What are the key assumptions and predictions of the signaling model of dividends? Are these predictions supported by empirical research fi ndings?

May 26, 2022