Veld, C.H.

dividend model share payout logit cash flow company stock table preference shareholder decision buy-back canadian capital gains logit model repurchase capital policy payment result clientele information option questionnaire choice question transaction management theory dividend payments finance outsider canadian firms transaction costs share buy-backs investor journal option plans variable toronto stock exchange determinant logit models share buy-back policies market reason dividends tax preference share repurchases parameter existence logit regressions share buy-back model i level study research regression dividend policy dividend payment model iii paper manager structure hypothesis hypotheses corporations clientele income corporation process stage share repurchase policies asym.info persons clientele overinvestment evidence column estimate value measure outsiders overinvestment