<P>Payout Policy
Franklin Allen
University of Pennsylvania
(<a href="http://www.pinggu.org/bbs/mailtallenf@wharton.upenn.edu" target="_blank" >allenf@wharton.upenn.edu</A>)
and
Roni Michaely
Cornell University and IDC
(<a href="http://www.pinggu.org/bbs/mailtrm34@Cornell.edu" target="_blank" >rm34@Cornell.edu</A>)
April, 2002
_____________________
Prepared for North-Holland Handbook of Economics edited by George Constantinides, Milton Harris, and Rene Stulz. We are in debt to Gustavo Grullon for his insights and help on this project. We would like to thank Harry DeAngelo, Eric Lie, Rene Stulz and Jeff Wurgler for their comments and suggestions.</P>
<P></P>

[此贴子已经被作者于2005-12-21 9:14:33编辑过]