Risky companies tend to have lower target payout ratios and more gradual adjustment rates. Explain what is

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“Risky companies tend to have lower target payout ratios and more gradual adjustment rates.” Explain what is meant by this statement. Why do you think it is so?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 09, 2011 04:34 AM

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Risky companies tend to have lower target payout ratios and more gradual adjustment rates. Explain what is

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The available evidence is consistent with the observation that managers ...View the full answer

Principles of Corporate Finance

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