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The Groucho Effect of Uncertain Standards

The Groucho Effect of Uncertain Standards. Rick Harbaugh John W. Maxwell Beatrice Roussillon. Problem of uncertain standards. Disclosure literature assumes that consumers know what the standard is for a label or other quality certificate But often there is considerable uncertainty

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Lecture 7

Lecture 7. Dividend Signalling/Free cash flow Model. Dividend Policy: Integrating Signalling and Free Cash Flow Hypothesis (Fairchild 2008). MM Irrelevance: Key assumptions: Symmetric Information, no managerial incentive (agency) problems.

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143 views • 13 slides

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The Groucho Effect of Uncertain Standards

Lecture 7