A New Look at Dividend Strategy

A New Look at Dividend Strategy

From a strategic point of view, focusing on dividends is putting the cart before the horse. What directly affects the long-term economic performance of a firm is how much of its cash it plows back into the business. Dividends should be a potential use for funds remaining after key reinvestment decis...

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Veröffentlicht in:The Journal of business strategy 1987-03, Vol.8 (1), p.80-88
1. Verfasser: Lauenstein, Milton C.
Format: Artikel
Sprache:eng
Schlagworte:
Corporate finance
Corporations
Dividend policy
Dividend reinvestment
Dividends
Finance
Planning
Policy
Rates of return
Reinvestment
Strategy
Taxation
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Beschreibung
Zusammenfassung:From a strategic point of view, focusing on dividends is putting the cart before the horse. What directly affects the long-term economic performance of a firm is how much of its cash it plows back into the business. Dividends should be a potential use for funds remaining after key reinvestment decisions are made, rather than the other way around.
ISSN:0275-6668
2052-1197
DOI:10.1108/eb039192