不对称信息下的资本结构和股利无关论.pdfVIP

The Society for Financial Studies Capital Structure and Dividend Irrelevance with Asymmetric Information Author(s): Philip H. Dybvig and Jaime F. Zender Source: The Review of Financial Studies, Vol. 4, No. 1 (1991), pp. 201-219 Published by: Oxford University Press. Sponsor: The Society for Financial Studies. Stable URL: /stable/2962089 . Accessed: 06/01/2011 06:10 Your use of the JSTOR archive indicates your acceptance of JSTORs Terms and Conditions of Use, available at . /page/info/about/policies/terms.jsp. JSTORs Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at . /action/showPublisher?publisherCode=oup. . Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. Oxford University Press and The Society for Financial Studies are collaborating with JSTOR to digitize, preserve and extend access to The Review of Financial Studies. Capital Structure and Dividend Irrelevance with Asymmetric Information Philip H. Dybvig Washington Universityin St. Louis Jaime F. Zender Universityof Utah The Modigliani and Miller propositions on the irrelevancy of capital structure a