Why Do Firms Pay Dividends? International Evidence on the Determinants of Dividend Policy

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

Michael C. Jensen · American Economic Review · 1986 · 17.6K citations

Risk, Return, and Equilibrium: Empirical Tests

Eugene F. Fama, James D. MacBeth · Journal of Political Economy · 1973 · 14.9K citations

Empirical Finance, Investment Strategy, Economics +12

Dividend Policy, Growth, and the Valuation of Shares

Merton H. Miller, Franco Modigliani · The Journal of Business · 1961 · 6.6K citations

Empirical Finance, Payout Policy, Economics +14

DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES

John Lintner · 1956 · 3.5K citations

Ownership Structure, Corporate Taxation, Corporate Tax +8

Dividend Policy under Asymmetric Information

Merton H. Miller, Kevin Rock · The Journal of Finance · 1985 · 3.1K citations

Empirical Finance, Payout Policy, Economics +14