=16/A firm that used to pay no dividends announces its first dividend payment. How would you interpret

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=16/A firm that used to pay no dividends announces its first dividend payment. How would you interpret this according to efficient market theory, signalling theory, agency theory?

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Corporate Finance Theory And Practice

ISBN: 9781118849330

4th Edition

Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi

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